Finance

Adjusted EBITDA was $4.7 million during the Q1 2025 compared to $10.6 million in the prior year period. Adjusted EBITDA margin for the quarter was 19% compared to 37% in the prior year period.

Cascades' Q1 2025 sales of $1,154 million increased by $45 million compared with the same period last year. This increase was driven by consolidated net benefits of $47 million from higher selling prices and $45 million from a more favourable foreign exchange.

Q1 2025 EBITDA was $8.5 million, compared to $10.5 million in the Q1 2024. Adjusted EBITDA was $8.8 million, versus $10.5 million in the Q1 2024. The decrease reflects lower revenue and higher selling, general and administrative expenses, partially offset by lower operating expenses.

Precious Woods achieved net revenues of Euro 47.7 million in the 2024 fiscal year compared to Euro 56.4 million in 2024. EBITDA improved to Euro 2.1 million (previous year: Euro -5.1 million).