Conifex Announces Second Quarter 2026 Results

VANCOUVER, British Columbia, Aug. 14, 2026 (GLOBE NEWSWIRE) — Conifex Timber Inc. (“Conifex”, “we” or “us”) (TSX: CFF) today reported results for the second quarter ended June 30, 2026. EBITDA* was negative $6.3 million for the quarter compared to EBITDA of negative $7.7 million in the first quarter of 2026 and negative EBITDA of $3.2 million in the second quarter of 2025. Net loss was $9.5 million or ($0.23) per share for the quarter versus a net loss of $9.4 million or ($0.23) per share in the previous quarter and a net loss of $8.3 million or ($0.20) per share in the second quarter of 2025.

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The following table summarizes our selected financial information for the comparative periods. The financial information reflects results of operations from our Mackenzie Mill (as defined herein) and 36-megawatt biomass power generation plant in Mackenzie, British Columbia (the “Power Plant”).

* In this release, reference is made to “EBITDA”. EBITDA represents earnings before finance costs, taxes, depreciation and amortization. We disclose EBITDA as it is a measure used by analysts and by our management to evaluate our performance. As EBITDA is not a generally accepted earnings measure under IFRS and does not have a standardized meaning prescribed by IFRS, it may not be comparable to EBITDA calculated by other companies. In addition, EBITDA is not a substitute for net earnings or cash flow, as determined in accordance with IFRS, and therefore readers should consider those measures in evaluating our performance.

(1) Conifex’s EBITDA calculation represents earnings before finance costs, taxes, depreciation and amortization. (2) MMfbm represents million board feet. (3) Bank of Canada, www.bankofcanada.ca . (4) Random Lengths Publications Inc. (5) Average SPF 2×4 #2 & Btr lumber prices (US$) divided by average exchange rate.