For the third quarter, Vancouver-based Canfor Group reported an operating loss of CAD 208 million (€128 million) and a net loss of CAD 172 million (€106 million). After taking adjustments and one-time items of CAD 97 million (€60 million) into account, the adjusted operating loss amounted to CAD 111 million (€68 million) in the third quarter. In the first nine months, Canfor recorded a net loss of CAD 406 million (€250 million), with sales of approximately CAD 4 billion (€2.5 billion).
The continued pressure on global market conditions and lumber prices throughout most of the third quarter led to a decline in results compared to the previous quarter in all regions where the company operates in the lumber business. “The ongoing global economic and trade uncertainty, in conjunction with punitive US softwood lumber duties, led to persistently weak market conditions and subdued demand across all of our operating regions during the third quarter of 2025. We remain focused on the areas within our control – ensuring safe and efficient operations, maintaining disciplined cost management, and delivering quality products to our customers,” Susan Yurkovich, President and CEO of Canfor, commented.
In the lumber segment, the operating loss was CAD 182.2 million (€112 million) in the third quarter. Taking into account adjustments and one-time items totaling CAD 92.1 million for this segment, the adjusted operating loss was CAD 90.1 million (€55 million).
