Cascades Reports Results for the Fourth Quarter and Full Year 2025

Core Insights - Cascades Inc. reported a decline in sales for Q4 2025, totaling $1,197 million, down from $1,238 million in Q3 2025 and $1,211 million in Q4 2024 [1] - The company achieved an operating income of $76 million in Q4 2025, an increase from $73 million in Q3 2025 and significantly higher than the $16 million in Q4 2024 [1] - Net earnings per common share rose to $0.37 in Q4 2025, compared to $0.29 in Q3 2025 and a net loss of ($0.13) in Q4 2024 [1] Q4 2025 Financial Performance - Sales for Q4 2025 were $1,197 million, a decrease from $1,238 million in Q3 2025 and $1,211 million in Q4 2024 [1] - Operating income increased to $76 million from $73 million in Q3 2025 and $16 million in Q4 2024 [1] - Adjusted EBITDA for Q4 2025 was $155 million, slightly down from $159 million in Q3 2025 but up from $146 million in Q4 2024 [1] - Adjusted net earnings per common share were $0.40, compared to $0.38 in Q3 2025 and $0.25 in Q4 2024 [1] 2025 Annual Financial Performance - Total sales for 2025 reached $4,776 million, an increase from $4,701 million in 2024 [1] - Operating income for the year was $235 million, significantly higher than $95 million in 2024 [1] - Net earnings per common share improved to $0.70, compared to a net loss of ($0.31) in 2024 [1] - Adjusted EBITDA for 2025 was $576 million, up from $501 million in 2024 [1] - Adjusted net earnings per common share were $1.10, compared to $0.60 in 2024 [1] - Net debt as of December 31, 2025, was $1,896 million, reduced from $2,096 million as of December 31, 2024 [1]