Conifex Timber Inc. reported results for the Q4 and year ended December 31, 2024. EBITDA from continuing operations was negative $2.1 million for the quarter and negative $13.6 million for the year, compared to EBITDA of negative $3.5 million in the Q4 2023 and negative $25.8 million for the year. Net loss was $29.8 million or negative $0.73 per share for the year versus net loss in the preceding year of $0.77 per share.
Conifex Timber incurred a net loss of $29.8 million or $0.73 per share in 2024. Net loss was $30.6 million or $0.77 per share in 2023.
Q4 2024 Results
During the Q4 2024, Conifex Timber incurred a net loss from continuing operations of $11.8 million or $0.29 per share compared to a net loss of $3.8 million or $0.09 per share in the previous quarter and net loss of $5.3 million or $0.14 per share in the Q4 2023. The net loss in the Q4 2024 was primarily the result of the lower lumber shipments and higher manufacturing unit costs from single shift operations, combined with a $3.8 million non-cash revaluation to reflect the reduced AAC of its joint venture's forest licence and an adjustment to prior quarters tax entries.
Conifex Timber Inc. and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution.
