---
title: "Mercer | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 458.07 M"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/264738567.md"
datetime: "2025-11-06T22:56:13.000Z"
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# Mercer | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 458.07 M

Revenue: As of FY2025 Q3, the actual value is USD 458.07 M, missing the estimate of USD 459.74 M.

EPS: As of FY2025 Q3, the actual value is USD -1.21.

EBIT: As of FY2025 Q3, the actual value is USD -67.05 M.

### Pulp Segment

-   **Pulp Revenues**: $318.6 million in Q3 2025, down from $354.2 million in Q3 2024.
-   **Energy and Chemical Revenues**: $20.4 million in Q3 2025, up from $19.1 million in Q3 2024.
-   **Segment Operating EBITDA**: - $12.7 million in Q3 2025, down from $54.6 million in Q3 2024.
-   **Total Pulp Segment Revenues**: $339.0 million in Q3 2025, down from $373.3 million in Q3 2024.
-   **Pulp Sales Volumes**: 452,840 ADMTs in Q3 2025, relatively flat compared to 448,856 ADMTs in Q3 2024.
-   **Pulp Production**: 458,708 ADMTs in Q3 2025, up from 415,837 ADMTs in Q3 2024.
-   **Average NBSK Pulp Sales Realizations**: $728 per ADMT in Q3 2025, down from $814 per ADMT in Q3 2024.
-   **Average NBHK Pulp Sales Realizations**: $528 per ADMT in Q3 2025, down from $632 per ADMT in Q3 2024.
-   **Costs and Expenses**: $378.6 million in Q3 2025, up from $348.6 million in Q3 2024.

### Solid Wood Segment

-   **Lumber Revenues**: $61.0 million in Q3 2025, up from $49.1 million in Q3 2024.
-   **Energy Revenues**: $4.9 million in Q3 2025, up from $2.6 million in Q3 2024.
-   **Manufactured Products Revenues**: $12.2 million in Q3 2025, down from $35.8 million in Q3 2024.
-   **Pallet Revenues**: $26.7 million in Q3 2025, up from $26.5 million in Q3 2024.
-   **Biofuels Revenues**: $10.2 million in Q3 2025, up from $9.3 million in Q3 2024.
-   **Wood Residuals Revenues**: $2.4 million in Q3 2025, up from $1.8 million in Q3 2024.
-   **Segment Operating EBITDA**: - $9.3 million in Q3 2025, down from - $1.9 million in Q3 2024.
-   **Total Solid Wood Segment Revenues**: $117.2 million in Q3 2025, down from $125.1 million in Q3 2024.
-   **Lumber Sales Volumes**: 110.2 MMfbm in Q3 2025, relatively flat compared to 108.8 MMfbm in Q3 2024.
-   **Lumber Production**: 115.4 MMfbm in Q3 2025, down from 122.5 MMfbm in Q3 2024.
-   **Average Lumber Sales Realizations**: $553 per Mfbm in Q3 2025, up from $451 per Mfbm in Q3 2024.
-   **Fiber Costs**: Approximately 75% of lumber cash production costs in Q3 2025, with per unit fiber costs for lumber production increasing by approximately 35% compared to Q3 2024.

### Consolidated Financial Results

-   **Total Revenues**: $458.1 million in Q3 2025, down from $502.1 million in Q3 2024.
-   **Operating Income (Loss)**: - $67.6 million in Q3 2025, down from $8.8 million in Q3 2024.
-   **Operating EBITDA**: - $28.1 million in Q3 2025, down from $50.5 million in Q3 2024.
-   **Net Loss**: - $80.8 million in Q3 2025, down from - $17.6 million in Q3 2024.
-   **Net Loss Per Common Share**: - $1.21 in Q3 2025, down from - $0.26 in Q3 2024.
-   **Costs and Expenses**: $525.7 million in Q3 2025, up from $493.3 million in Q3 2024.
-   **Cash and Cash Equivalents**: $98.1 million as of September 30, 2025, down from $184.9 million as of December 31, 2024.
-   **Working Capital**: $579.7 million as of September 30, 2025, down from $653.5 million as of December 31, 2024.
-   **Total Assets**: $2,290.6 million as of September 30, 2025, up from $2,262.9 million as of December 31, 2024.
-   **Long-term Liabilities**: $1,642.9 million as of September 30, 2025, up from $1,576.6 million as of December 31, 2024.
-   **Total Shareholders’ Equity**: $359.5 million as of September 30, 2025, down from $429.8 million as of December 31, 2024.

### Cash Flow

-   **Net Cash from (Used in) Operating Activities**: - $30.1 million in Q3 2025, down from - $13.9 million in Q3 2024.
-   **Net Cash Used in Investing Activities**: - $27.6 million in Q3 2025, down from - $22.9 million in Q3 2024.
-   **Net Cash from (Used in) Financing Activities**: $11.0 million in Q3 2025, down from $12.7 million in Q3 2024.
-   **Net Decrease in Cash and Cash Equivalents**: - $48.4 million in Q3 2025, down from - $24.2 million in Q3 2024.

### Outlook / Guidance

-   Mercer International Inc. expects pulp prices to remain weak in the fourth quarter of 2025 due to continued weak demand and global trade policy uncertainty.
-   Lumber prices are expected to modestly increase in Europe in the fourth quarter of 2025 due to higher fiber costs, while slightly higher prices are expected in the U.S. due to duties and tariffs reducing supply.
-   The company is advancing its “One Goal One Hundred” program, targeting $100 million in cost savings and operational efficiency actions by the end of 2026, with approximately $30 million expected to be realized by the end of 2025.

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- [Mercer (MERC.US)](https://longbridge.com/zh-CN/quote/MERC.US.md)

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