---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-048856"
form_type: "8-K"
ticker: "MERC"
cik: "0001333274"
company_name: "MERCER INTERNATIONAL INC."
filed_at: "2026-02-12T23:59:59+00:00"
generated_at: "2026-05-16T02:56:57.552823+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-048856
- form_type: 8-K
- ticker: MERC
- cik: 0001333274
- company_name: MERCER INTERNATIONAL INC.
- filed_at: 2026-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1333274/000119312526048856/0001193125-26-048856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1333274/000119312526048856/merc-20260212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-048856
- JSON: https://secwatch.observer/filing/0001193125-26-048856.json
- Plain text: https://secwatch.observer/filing/0001193125-26-048856.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.