Canfor Corporation announced it will record a non-cash asset write-down and impairment charge totaling approximately $321 million in its Q4 2025 results, due to ongoing log supply pressures in Europe and sustained declines in global pulp prices.
The charge comprises $215 million related to the company's lumber segment and $106 million related to its pulp and paper segment.
In the lumber segment, the impairment is associated with Canfor's European operations and reflects ongoing log supply pressures in the region, which have resulted in significant increases in log costs and reduced asset carrying values.
In the pulp segment, the impairment reflects sustained declines in global US-dollar pulp list prices as well as continued challenges in securing economically viable fibre necessary to support operations.
The company stated that the impairment charge is non-cash in nature and does not affect Canfor's liquidity position, cash flows or day-to-day operations.
Canfor is a global leader in the manufacturing of high-value low-carbon forest products.
