Interfor Corp

Latest Results (09.11.2025):

Interfor Corporation reported robust financial results for Q2 2025, recording net earnings of US$11.1 million and an adjusted EBITDA of US$17.2 million. This quarter showed a significant turnaround compared to the previous quarter and Q2 2024, driven by strong lumber shipments, a reduction in inventory, and improved cash flow, which have all contributed to a healthier financial position.

Earnings Performance

In Q2 2025, Interfor Corp achieved net earnings of US$11.1 million (US$0.22 per share) compared to a net loss in the prior half-year periods, demonstrating a marked recovery and improved profitability from both Q1 2025 and Q2 2024.

Operational Highlights

Robust lumber shipments of 978 million board feet, which exceeded production by around 5%, led to a 37 million board foot reduction in inventory. This operational improvement, despite some species-specific pricing volatility, helped support the favorable sales and earnings performance for the quarter.

Financial Position & Liquidity

Interfor Corp improved its financial position with net debt at US$798.0 million, representing 35.6% of invested capital—a decrease from previous periods. The positive operating cash flow of US$84.9 million, bolstered by a significant reduction in working capital, further strengthened the liquidity and overall financial health heading into the future.

Capital Investments and Duties

During Q2 2025, the Company invested US$23.6 million in capital expenditures, including key funding for the Thomaston, GA sawmill rebuild, while also recording US$36.2 million in tariff-related expenses on softwood lumber shipments. These activities reflect Interfor Corp’s proactive measures to enhance operational flexibility and manage market impacts such as duty rate adjustments and pricing volatility.