Company Reports Q4 Revenue of $449.5M, Net Loss of $238.7M
Reports Q4 revenue $449.5M, consensus $456.68M. Q4 net loss included total non-cash impairments of $238.7M, including non-cash impairments of $203.5M recognized against long-lived assets at Peace River mill due to the continued down-cycle environment of hardwood pulp markets, $12.2M against certain obsolete equipment and $23.0M against pulp inventory due to low prices and high fiber costs. Juan Carlos Bueno, CEO, stated: "To address the challenging hardwood pulp environment that has weighed on our Peace River mill's results, we have engaged with all stakeholders and several initiatives have been underway. These include shifting production mix at the mill further towards softwood and engaging government on accretive opportunities surrounding energy and carbon capture. We are considering all options in respect of this asset. Despite the non-cash impairments and the challenging business climate, our underlying operational performance improved quarter-over-quarter, reflecting our focus on cost reduction and efficiency initiatives. These will remain a key focus in 2026."
