Conifex Timber (TSE:CFF) Releases Quarterly Earnings Results

Conifex Timber (TSE:CFF) announced its quarterly earnings data on Wednesday. The company reported C($0.20) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$0.67 million for the quarter. Conifex Timber had a negative return on equity of 103.21% and a negative net margin of 43.14%.

Here are the key takeaways from Conifex Timber’s conference call:

• Conifex reported a CAD 7.9 million net loss in Q3, while its Mackenzie sawmill remained shut and its power plant was offline for scheduled maintenance. The company said the power plant is expected to return to service in the next few days and generate revenue in Q4.
• The company secured a CAD 30 million tariff loan with no scheduled principal repayments until September 2028, plus CAD 10 million in interest-free funding and a CAD 1 million grant for capital projects. Conifex said it is also seeking further government funding, but stressed that approval is not guaranteed.
• Conifex plans about CAD 15.3 million in capital projects aimed at lowering conversion costs, improving reliability, expanding planer capacity, and reducing reliance on U.S. exports; it forecasts two-to-three-year paybacks. Management believes the projects and Mackenzie’s low delivered-log costs will improve the site’s position on the industry cost curve.
• Conifex is targeting a two-shift sawmill restart in early January 2027, but says it needs additional capital to build adequate log and lumber inventories. It expects negative EBITDA early in the 2027 restart and ramp-up, with EBITDA turning positive in 2028; these are management forecasts based on expected market conditions.

Conifex Timber Price Performance

CFF remained flat at C$0.10 during trading on Wednesday. 63,728 shares of the company’s stock were exchanged, compared to its average volume of 68,682. Conifex Timber has a 1 year low of C$0.06 and a 1 year high of C$0.24. The company has a debt-to-equity ratio of 330.49, a current ratio of 0.68 and a quick ratio of 0.91. The firm has a fifty day moving average of C$0.11 and a 200 day moving average of C$0.12. The company has a market cap of C$4.28 million, a P/E ratio of -0.09, a P/E/G ratio of 0.06 and a beta of -0.21.

About Conifex Timber

Conifex Timber Inc is a Canada based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm’s primary activities of the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company’s harvesting and manufacturing operations.