Mercer Q4 EBITDA -$20.1M; $238.7M impairment on Peace River mill; full-year net loss $497.9M

MERCER INTERNATIONAL INC.

2025-FY EPS reported -$7.44 revenue$1,868,070,000

Q4 Operating EBITDA -$20.1M vs +$99.2M in Q4 2024; net loss $308.7M ($4.61/sh) vs income $16.7M.
Full-year 2025 Operating EBITDA -$22.0M vs +$243.7M in 2024; net loss $497.9M ($7.44/sh).
Non-cash impairments of $238.7M in Q4, including $203.5M on Peace River mill long-lived assets.
"One Goal One Hundred" achieved ~$30M in cost savings in 2025; target $100M by end of 2026.
Mass timber order book $163M; liquidity $430.4M at Dec 31, 2025.

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