GreenFirst Reports Financial Results for the Third Quarter of 2026
Business Wire•10/11/2026•18:30 ET
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Key Highlights
- ➤Q3 net loss $7.0 million, versus $5.5 million net income in Q2 2026
- ➤Adjusted EBITDA negative $1.3 million, versus positive $11.8 million in Q2
- ➤US DOC final duty rate 24.75%, above GreenFirst’s prior 10.41% assessment
- ➤Estimated additional duties liability $25.7 million, plus $4.5 million accrued interest
- ➤Average realized lumber prices rose to $850/mfbm from $765/mfbm in Q2
Expert Statements
Michel Lessard, President and Acting Chief Executive Officer of GreenFirst
“The third quarter reflected the continued challenges facing the Canadian lumber industry, with weaker demand, volatile lumber prices and significant U.S. duties and tariffs putting pressure on our financial results. While overall results remained below expectations, we continued to advance key operational initiatives, particularly through the ongoing optimization of our Chapleau large log line. At the same time, recently announced additional federal support programs may provide opportunities to support future investments in mill modernization, improve competitiveness and explore new value-added uses for our wood fibre and residuals. We will continue to evaluate these opportunities in the context of our operational priorities and financial capacity as we work to strengthen GreenFirst’s long-term performance.”
GreenFirst Reports Financial Results for the Third Quarter of 2026
GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) announced results for the third quarter and three quarters ended September 26, 2026. The Company’s unaudited condensed consolidated financial statements ("Financial Statements") and related Management's Discussion and Analysis ("MD&A") for the third quarter and three quarters ended September 26, 2026 are available on GreenFirst’s website at www.greenfirst.ca and on SEDAR+ at www.sedarplus.ca .
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