secwatch.observer — SEC 8-K summary
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Issuer:     MERCER INTERNATIONAL INC. (MERC)
CIK:        0001333274
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001193125-26-048856
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333274/000119312526048856/0001193125-26-048856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333274/000119312526048856/merc-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-048856

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer