Interfor

Higher lumber prices lifted results, but logistics constraints cut shipments and increased inventories.

Nairn Centre will run briefly to process log inventory, with the sawmill expected to operate into early to mid-June and the planer into late June.

Weak lumber markets and higher U.S. trade costs pressure results, and the company expects early 2026 prices to fluctuate with winter weather and industry-wide lumber production curtailments.

Mike Mackay becomes CFO and Andrew Horahan assumes COO role, both effective December 8, 2025.

Lumber output dropped to 912 million board feet as the company is proceeding with a previously announced 26% production cut; duties expenses rose $147 million, partly offset by a $9 million revaluation gain.

Curtailments affect British Columbia, Ontario, US South, and Pacific Northwest operations equally.