8-K - Mercer International Inc. | StockGist

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Mercer International Inc. reported Q4 2025 results with a net loss of $308.7 million, including $238.7 million in non-cash impairment charges primarily related to its Peace River mill. Operating EBITDA was negative $20.1 million for the quarter, reflecting a continued down-cycle in hardwood pulp markets.

Key Takeaways

1Q4 2025 net loss was $308.7 million ($4.61 per share), compared to net income of $16.7 million in Q4 2024.

2Total non-cash impairments of $238.7 million were recognized, including $203.5 million against long-lived assets at the Peace River mill.

3Q4 2025 Operating EBITDA was negative $20.1 million, compared to positive $99.2 million in the same quarter of 2024.

4Full year 2025 net loss was $497.9 million compared to a net loss of $85.1 million in 2024.

5The 'One Goal One Hundred' program realized approximately $30 million in cost savings and operational improvements in 2025.

6Mass timber order book totals approximately $163 million, including contracts for data center projects.

Current Report Details

Event Type

Financial Results

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

2.02

. Results of Operations and Financial Condition The information furnished under Item 2.02 of this Current Report shall not be deemed to be “filed” for the purpo

Financial Results

9.01

. Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 99.1 Press Release dated February 12, 2026 104 Cover Page Interactive Data File (em

Exhibits Only

Source Document

Results of Operations

Fourth Quarter 2025

Metric	Value	Basis	Prior Period
Revenue	$449.50		$458.07
Operating Income	$-278.49	GAAP	$-67.59
Operating EBITDA	$-20.15	Non-GAAP	$-28.08
Net Income	$-308.70	GAAP	$-80.78
Net Income Per Share - Basic	$-4.61	GAAP	$-1.21
Net Income Per Share - Diluted	$-4.61	GAAP	$-1.21

Exhibits (2)

8-K

99.1

EX-99.1