Mercer (MERC) Q4 2025 Earnings Call Transcript | The Motley Fool
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 13, 2026
AI-Generated Deep Dive Summary
Mercer (MERC) reported its Q4 2025 earnings call transcript, revealing mixed financial results amid challenging market conditions. The company’s operating EBITDA came in at a negative $20 million, marking an $8 million sequential improvement driven by cost reductions and stable production. However, the quarter also saw significant non-cash impairment charges totaling $216 million, including $204 million related to the Peace River mill’s long-lived assets and $12 million for obsolete equipment in the solid wood segment. The net loss for the quarter was $309 million, or $4.61 per share, with impairments accounting for $239 million of this figure.
The pulp segment faced a $11 million EBITDA loss, reflecting ongoing challenges in the market. Both pulp and solid wood segments reported the same level of losses, underscoring the broader industry struggles. Pulp sales volume improved slightly to 472,000 tons, up by 20,000 tons sequentially, while production remained steady at 460,000 tons after adjusting for downtime. However, softwood sales realization dropped to $707 per ton from $728 per ton in the previous quarter, and pulp prices in China fell by $19 sequentially to $601 per ton, with North American NBSK list prices also declining by $1
Verticals
financeinvesting
Originally published on The Motley Fool on 2/13/2026