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Canfor Pulp Announces Asset Write-Down and Impairment Charge

On Feb. 17, 2026, Canfor Pulp Products Inc. announced it will record a non-cash impairment charge of approximately $106 million in its fourth quarter of 2025 results.
With fibre shortages and price pressure, the impairment reflects sustained declines in global US-dollar pulp list prices and challenges securing viable fibre, while management forecasts weak markets and likely covenant breaches at March 31, 2026.
Canfor Pulp operates two mills in Prince George, with a non-cash impairment that does not affect liquidity, according to the company.
Under an amended loan agreement, management's talks with lenders are currently on hold, with a net debt to total capitalization ratio of 116% and EBITDA interest coverage of times, according to the company.
Canfor Corporation is advancing a Proposed Transaction, with a special meeting scheduled for early March 2026 to seek approval, which the company says it does not expect to affect completion.

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Canfor Pulp announces asset write-down and impairment charge

VANCOUVER, British Columbia, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Canfor Pulp Products Inc. ("the Company" or "CPPI") (TSX:CFX) announced today that it will record a non-cash asset write down and impairment charge totaling approximately $106 million in its fourth quarter of 2025 results. The impairment reflects sustained declines in global US-dollar pulp list prices combined with persistent challenges in securing economically viable fibre. After ta…

19 hours ago·New York, United States

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