Canfor Pulp Products Inc. (CPPI) reported an operating income of $10.8 million for the Q1 2025, compared to $4.1 million for the Q4 2024. These results were largely driven by a modest uplift in the Company’s average Northern Bleached Softwood Kraft (“NBSK”) pulp unit sales realizations in the current quarter combined with a 6% increase in pulp production compared to the Q4 2024.
Q1 2025 sales were $196.2 million, compared to $222.3 million in the Q1 2024.
Commenting on the Company’s Q1 results, CPPI’s President and CEO, Stephen Mackie, said, “With improved operational performance and some positive momentum in market conditions early in 2025, we are pleased to see another quarter of positive results for our pulp business. Despite the increase in results, however, global economic uncertainty influenced pulp market conditions in the latter part of the first quarter and continues to do so early in the Q2. Going forward, we will work to navigate these external challenges facing our business while focusing on improving safety, reliability and overall operating performance.”
Pulp production was 104,000 tonnes for the first quarter of 2025, up 6,000 tonnes, or 6%, from the Q4 2024, primarily driven by improved operational reliability and productivity at both of the Company’s pulp mills in the current period.
Operating income in the Company’s paper segment was $5.4 million, compared to $5.1 million in the previous quarter, largely driven by the benefit of favourable timing of shipments around quarter-end as well as the weaker Canadian dollar in the current period.
Canfor Pulp Products Inc. is a leading global supplier of pulp and paper products with operations in the northern interior of British Columbia, Canada.
