GreenFirst Forest Products Inc. announced results for the Q2 and two quarters ended June 28, 2025. Net sales in Q2 2025 were $84.5 million, representing an approximate 18% increase compared to Q1 2025. This increase was primarily driven by higher shipments during the quarter, partially offset by lower realized prices.
Q2 2025 net loss from continuing operations was $9.6 million or $0.42 loss per share (diluted), compared to net income of $0.9 million or $0.04 earnings per share (diluted) in Q1 2025.
Adjusted EBITDA from continuing operations for Q2 2025 was negative $5.2 million compared to positive $5.1 million in Q1 2025.
“Despite market uncertainty, we finished Q2 2025 with higher sales volumes compared to Q1 2025 – approximately 110,000 mfbm versus 90,000 mfbm. We recorded a negative EBITDA of $5.2 million in Q2 2025, primarily due to lower selling prices and higher lumber costs associated with inventory produced in Q1 2025,” said Joel Fournier, GreenFirst’s Chief Executive Officer. “On a positive note, GreenFirst set a new high during the quarter in terms of production records with volume reaching 115,000 mfbm, the highest in Company history for continuing operations. Looking ahead, we will maintain a prudent approach, preserve a solid balance sheet, and remain focused on the factors we can control – improving operational effectiveness and driving long-term performance.”
GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production.
