Canfor Announces Asset Write-Down and Impairment Charge

Canfor announced it will record a non-cash asset write-down and impairment charge totaling approximately CA$321 million in its 2025Q4 results.

Of the total, $215 million relates to the company’s lumber segment, while $106 million is tied to its pulp and paper segment.

In the lumber segment, the impairment is associated with the company’s European operations and reflects ongoing log supply pressures in the region, which have led to significantly higher log costs and reduced asset carrying values.

In the pulp segment, the charge reflects sustained declines in global US-dollar pulp list prices, as well as continued challenges in securing economically viable fiber to support operations.

The impairment is non-cash in nature and does not affect Canfor’s liquidity, cash flow, or day-to-day operations.