)

Canfor (CFP) investor relations material
Canfor Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 saw a net loss of $202.8M and an operating loss of $251.4M, driven by $188.6M in asset write-downs from permanent closure of Estill and Darlington sawmills and weak North American lumber pricing.
Adjusted operating loss was $50.7M, with adjusted net loss of $67.0M; European operations delivered solid earnings, offsetting North American challenges.
Announced acquisition of three sawmills in Central Sweden, including AB Karl Hedin Sågverk for $164M, to expand European capacity and diversify geographic footprint.
Balance sheet and liquidity remain strong, supporting strategic growth and resilience amid challenging market and trade conditions.
Sale of 50% interest in Arbios Biotech to Licella Holdings.
Financial highlights
Q2 2025 sales were $1,379.4M, down 3% sequentially; adjusted operating income before amortization and impairments was $51.7M.
Shareholder net loss was $202.8M ($1.71/share); adjusted net loss was $67.0M ($0.56/share).
Cash from operating activities was $63.8M, up from a $70.6M outflow in Q1.
Net debt to total capitalization was 12.6% at quarter-end, with available liquidity of $1,379.1M.
Book value per share at June 30, 2025 was $25.98.
Outlook and guidance
North American lumber demand expected to remain weak in Q3 2025, with gradual price improvement forecast later in the quarter.
Global softwood pulp markets anticipated to stay weak, with high inventories and subdued demand from China.
Anticipates significantly lower capital spending, with $240M projected for lumber and $45M for pulp in 2025.
Ongoing focus on cost management, productivity, and leveraging global diversification to mitigate trade and economic headwinds.
Management cautions that forward-looking statements are subject to significant risks and uncertainties.
Next Canfor earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage