Taiga Building Products Ltd. ("Taiga" or the "Company") today reported its financial results for the three and nine months ended September 30, 2025 and 2024.

Third Quarter Ended September 30, 2025 Earnings Results

The Company's sales for the quarter ended September 30, 2025 were $431.3 million compared to $423.9 million over the same period last year. The increase in sales by $7.4 million or 2% was largely due to a higher average lumber pricing as well as changes in product mix during the quarter.

Gross margin for the quarter ended September 30, 2025 increased to $48.2 million from $45.5 million over the same period last year. Gross margin percentage was 11.2% for the three months ended September 30, 2025 compared to 10.7% over the same period last year. The increase in gross margin dollars was primarily driven by the increased net sales.

Net earnings for the quarter ended September 30, 2025 decreased to $12.8 million from $14.3 million over the same period last year primarily due to increases in selling and administrative expenses and interest costs from renewed borrowing under Taiga's credit facility, as a result of the dividends paid out in the second quarter.

EBITDA for the quarter ended September 30, 2025 was $21.8 million compared to $21.5 million for the same period last year. 

Nine Months Ended September 30, 2025 Earnings Results

The Company's consolidated net sales for the nine months ended September 30, 2025 were $1,272.2 million compared to $1,245.3 million over the same period last year. The increase in sales by $26.8 million or 2% was largely due to a change in product mix.

Gross margin for the nine months ended September 30, 2025 increased to $134.9 million from $132.0 million over the same period last year.

Net earnings for the nine months ended September 30, 2025 decreased to $37.7 million from $41.0 million over the same period last year primarily due to increases in selling and administrative expenses as well as higher interest expense due to renewed use of the Company's credit facility.

EBITDA for the nine months ended September 30, 2025 was $62.1 million compared to $64.0 million for the same period last year.

The following is the reconciliation of net earnings to EBITDA:

The following is the reconciliation of net earnings to EBITDA:

The foregoing selected financial information is qualified in its entirety by and should be read in conjunction with our unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2025, and accompanying notes and management's discussion and analysis which will be available shortly on SEDAR+ at www.sedarplus.ca.

SOURCE Taiga Building Products Ltd.

SOURCE: Taiga Building Products Ltd.

For further information regarding Taiga, please contact: Mark Schneidereit-Hsu, CFO
and VP, Finance & Administration, Tel: 604.438.1471, Email:
mschneidereit@taigabuilding.com

COMTEX_470097486/2197/2025-11-07T17:00:00