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GreenFirst Reports Financial Results for the Fourth Quarter of 2024
GreenFirst Forest Products Inc. (TSX: GFP) reported financial results for the year ended December 31, 2024. Key highlights include a Q4 2024 net loss of $26.6 million ($1.39 loss per share), compared to a Q3 2024 net income of $14.8 million ($0.83 earnings per share). Adjusted EBITDA for Q4 2024 was negative $0.9 million, compared to negative $15.7 million in Q3 2024. Average realized lumber prices increased to $680/mfbm in Q4 2024 from $606/mfbm in Q3 2024. In Q4 2024, GreenFirst completed a share consolidation, spun out Kap Corporation, and closed a Rights Offering for $24.8 million.
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