VANCOUVER, British Columbia, May 15, 2026 (GLOBE NEWSWIRE) -- Conifex Timber Inc. ("Conifex", "we" or "us") (TSX:CFF) today reported results for the first quarter ended March 31, 2026.  EBITDA* was negative $7.7 million for the quarter compared to EBITDA of negative $12.6 million in the fourth quarter of 2025 and positive EBITDA of $4.9 million in the first quarter of 2025. Net loss was $9.4 million or ($0.23) per share for the quarter versus a net loss of $11.4 million or ($0.28) per share in the previous quarter and net income of $0.6 million or $0.02 per share in the first quarter of 2025.

Selected Financial Highlights

The following table summarizes our selected financial information for the comparative periods. The financial information reflects results of operations from our Mackenzie sawmill and power plant.

Selected Financial Information

 

 

 

 

(unaudited, in millions of dollars, except share andexchange rate information)

Q12026

Q42025

Q12025

Sales

 

 

 

Lumber, Conifex produced

15.0

 

15.8

 

31.3

 

By-products and other

1.7

 

1.7

 

6.3

 

Bioenergy

5.2

 

8.6

 

7.0

 

 

21.8

 

26.1

 

44.6

 

Operating income (loss)

(9.8

)

(15.9

)

2.3

 

EBITDA(1)

(7.7

)

(12.6

)

4.9

 

Net income (loss)

(9.4

)

(11.4

)

0.6

 

Basic earnings (loss) per share

(0.23

)

(0.28

)

0.02

 

Diluted earnings (loss) per share

(0.23

)

(0.28

)

0.01

 

Shares outstanding, weighted average (millions)

40.8

 

40.8

 

40.7

 

Diluted Shares (millions)

40.8

 

40.8

 

45.0

 

 

 

 

 

 

 

 

 

Reconciliation of EBITDA to net income (loss)

 

 

 

Net income (loss)

(9.4

)

(11.4

)

0.6

 

Add:         Finance costs

2.8

 

3.6

 

2.3

 

Amortization

2.1

 

3.0