Conifex Timber earnings date
Conifex Timber (5CA) Q3 2026 Earnings Report
DE:5CA Q3 2026 EPS Results
- Actual EPS
- -EUR 0.12
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- -EUR 0.23
DE:5CA Q3 2026 Revenue Results
- Actual Revenue
- EUR 424.23K
- Expected Revenue
- ―
- Beat/Miss
- ―
- YoY Revenue Growth
- -98.24%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/11/2026
- Time
- Before Open
- Conference Call
- Wednesday, November 11, 2026
Conifex Timber's next earnings date is estimated for March 10, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call presented meaningful progress on financing, capital projects, and plans to restart operations, along with sequentially improved losses and an expected return of the Power Plant in Q4. However, the company remains loss-making, both major operations were offline in Q3, cumulative tariff deposits have created substantial liquidity and funding pressures, lumber prices and U.S. demand remain weak, and additional government funding is uncertain. The positive operational and financing developments were balanced by significant near-term financial and market challenges.
Conifex expects its Power Plant to be back online in the next few days, deliver power to the grid and earn revenue in the fourth quarter, while targeting 2-shift steady-state operations at its sawmill complex early in January 2027 with all employees and contractors back working on a full-time basis; the approximately $15.3 million capital projects have 2- to 3-year payback periods forecast for the individual projects, and the company expects negative EBITDA in the early part of its 2027 restart and ramp-up year before transitioning to an EBITDA positive 2028, when it expects to capture the benefits of its completed capital projects, with duty deposit rates expected to decrease late in 2027. Andrew McLellan said Conifex is anticipating softening prices here in Q3 and holding level into 2027, with steady and flat pricing in 2027 and a bit of a bounce in 2028.
- Sequential Improvement in Quarterly LossesConifex reported a Q3 net loss of $7.9 million versus $9.5 million in Q2 and $9.4 million in Q1. The per-share loss improved to $0.19 from $0.23 in each of the two prior quarters, while the $5.7 million EBITDA loss was 10% lower than the Q2 EBITDA loss and 25% lower than the Q1 loss.
- Power Plant Expected to Return OnlineThe Power Plant was scheduled to be back online in the next few days, with management expecting it to deliver power to the grid and earn revenue in the fourth quarter.
- Planned Sawmill Restart and Employee RecallManagement remains committed to achieving 2-shift steady-state operations at the Mackenzie sawmill complex early in January 2027 and having all employees and contractors back working on a full-time basis.
- Continued Lender and Liquidity SupportPenderFund continued supporting the lumber business through bridge financings and credit facility amendments, Fiera supported the power generation business, and the Business Development Bank of Canada recently provided $19 million of additional liquidity.
- $30 Million LETL Financing SecuredThe company arranged $30 million of financing under the Large Enterprise Tariff Loan program. No scheduled principal repayments are required until September 2028, and the facility permits payment-in-kind interest until Conifex achieves a certain level of trailing 12-month EBITDA, providing additional liquidity runway if lumber EBITDA does not recover as quickly as expected.
- Favorable Timber Supply and Delivered Log CostsThe Mackenzie timber supply area has an annual allowable harvest of 2.3 million cubic meters of sawlogs against Conifex's consumption requirement of approximately 800,000 cubic meters. Management said this provides high fiber availability and delivered log costs believed to be among the most affordable in the interior region of British Columbia.
- Targeted Capital Projects to Improve CompetitivenessConifex is advancing several high-return, rapid-payback capital projects totaling approximately $15.3 million, with forecast individual payback periods of 2 to 3 years. The projects are designed to reduce conversion costs, improve sawmill reliability, boost planer capacity, and lessen dependence on the U.S. export market.
- Tariff Response Funding Largely Finances Capital ProgramConifex entered into an agreement under the Regional Tariff Response Initiative providing $10 million of interest-free unsecured repayable funding and a $1 million nonrepayable grant. Management said the capital projects are therefore largely financed.
- Expected Improvement on the SPF Cost CurveManagement said that, assuming successful completion of the planned projects, the combination of competitive delivered log costs and the targeted capital program should move the Mackenzie site down the SPF lumber industry cost curve and provide a foundation for sustained cash flow generation through future lumber price cycles.
- Long-Term SPF Market FundamentalsManagement continues to believe that the mid- and long-term supply and demand fundamentals for SPF remain strong, supported by structural contractions in Canadian and European SPF exports to the U.S. over the past three years.
- Expected EBITDA Transition by 2028Based on analysts' consensus estimates for SPF prices in 2027 and 2028, lower unit costs from spreading fixed harvesting and manufacturing costs over the full production base, and an expectation that duty deposit rates will decrease late in 2027, management expects the integrated Mackenzie lumber and Power Plant site to transition from negative EBITDA early in the 2027 restart and ramp-up year to EBITDA positive in 2028.
- Potential Liquidity Relief from Duty DepositsManagement said it has ideas for potentially monetizing the value of duty deposits and considers this a possible source of liquidity relief, although the ideas were described as premature to disclose.
DE:5CA Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 10, 2027 | 2026 (Q4) | ―- | -0.18 | ― | ― |
| Nov 11, 2026 | 2026 (Q3) | ―-0.12 | -0.23 | 48.65% (+0.11) | |
| Aug 14, 2026 | 2026 (Q2) | ―-0.15 | -0.11 | -27.78% (-0.03) | |
| May 15, 2026 | 2026 (Q1) | -0.16-0.15 | 0.01 | -2400.00% (-0.15) | |
| Mar 23, 2026 | 2025 (Q4) | ―-0.18 | -0.17 | -3.70% (-0.01) | |
| Nov 14, 2025 | 2025 (Q3) | ―-0.23 | -0.06 | -311.11% (-0.18) | |
| Aug 14, 2025 | 2025 (Q2) | ―-0.11 | -0.14 | 18.18% (+0.03) | |
| May 12, 2025 | 2025 (Q1) | ―0.01 | -0.07 | 109.09% (+0.08) | |
| Mar 13, 2025 | 2024 (Q4) | ―-0.17 | -0.09 | -92.86% (-0.08) | |
| Nov 13, 2024 | 2024 (Q3) | -0.11-0.06 | -0.13 | 55.00% (+0.07) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
