GreenFirst Forest Products (TSE:GFP) Issues Earnings Results

GreenFirst Forest Products (TSE:GFP) released its quarterly earnings results on Tuesday. The company reported C$0.24 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$96.10 million for the quarter. GreenFirst Forest Products had a negative net margin of 41.20% and a negative return on equity of 149.94%.

Here are the key takeaways from GreenFirst Forest Products’ conference call:

• Q2 operating performance improved significantly: Revenue rose to CAD 96.1 million, while operating income reached CAD 7.9 million and EBITDA turned positive at CAD 11.8 million, driven by higher shipments, stronger realized prices, improved grade mix, and lower unit manufacturing costs.
• Duties and tariffs remain a major financial burden. Q2 export duties and tariffs totaled USD 21.1 million, up from USD 12.1 million in Q1, while year-to-date payments reached approximately CAD 33 million; cash declined to CAD 2.8 million despite positive operating cash flow.
• The Chapleau Large Log Line continues to ramp up and contributed to higher production, but performance remains below full expectations and the project is taking longer than planned. Management expects the line to reach its full financial contribution by year-end.
• Management remains cautious on lumber pricing because of uncertain demand, elevated mortgage rates, and broader market conditions, although Canadian mill curtailments and potential U.S.-Canada trade progress could support prices and margins.
• CEO Joel Fournier announced he will resign effective October 31, 2026. He said he will support a smooth transition, but the leadership change introduces uncertainty during an ongoing operational and liquidity recovery.

GreenFirst Forest Products Trading Down 1.0%

GFP opened at C$1.94 on Wednesday. The business has a 50 day moving average of C$2.00 and a 200-day moving average of C$2.17. The company has a quick ratio of 1.06, a current ratio of 1.79 and a debt-to-equity ratio of 183.88. The stock has a market cap of C$44.91 million, a PE ratio of -0.37 and a beta of 1.44. GreenFirst Forest Products has a 52 week low of C$1.59 and a 52 week high of C$3.25.

About GreenFirst Forest Products

GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The Company owns four sawmills located in rich wood baskets proudly operating over six million hectares of FSC® certified public Ontario forest lands (FSC®-C167905). The Company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products.