Mercer International Reports Challenging Q3 2025 with $80.8 Million Net Loss amid Market and Cost Pressures

Mercer International posted a difficult third quarter in 2025, reporting an operating EBITDA loss of $28.1 million and a net loss of $80.8 million, a significant decline from the previous year. The results were impacted by lower pulp prices, weak demand, $20.4 million in non-cash inventory impairment, and rising fiber costs. Revenues dropped 9% year-over-year to $458.1 million, driven by decreased pulp and manufactured product sales but partially offset by higher lumber sales. Pulp sales revenues fell 10% due to lower realizations, while lumber sales increased by 24% due to improved prices. The company is advancing its "One Goal One Hundred" cost-saving program to achieve $100 million in savings by the end of 2026, targeting $30 million by the end of 2025. Mercer also progresses on a carbon capture pilot project for sustainable operations. Lumber prices in North America and Europe show cautious signs of potential increases in Q4 2025 amid elevated fiber costs.

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