Taiga Building Products posts FY2025 sales down 0.2%, net earnings down to C$28.6m and EPS down to C$0.26

Reuters02-28

Taiga Building Products posts FY2025 sales down 0.2%, net earnings down to C$28.6m and EPS down to C$0.26

Taiga Building Products Ltd., a subsidiary of Avarga Limited, reported actual fiscal 2025 results showing consolidated net sales of C$1.631772 billion for the year ended Dec. 31, 2025, versus C$1.634382 billion a year earlier, while net earnings fell to C$28.557 million from C$47.613 million; earnings per share declined to C$0.26 from C$0.44. For the fourth quarter, Taiga’s consolidated net sales decreased to C$359.588 million from C$389.042 million, and net earnings swung to a loss of C$9.148 million from net income of C$6.588 million, driven primarily by a C$20.718 million non-cash impairment of goodwill and intangible assets tied to its Washington State subsidiary amid weaker U.S. housing market activity. Management said it continues to believe in the long-term fundamentals of the U.S. operation and expects performance to improve as U.S. housing and renovation markets recover.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avarga Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 2NI955S2D7F66B0V) on February 28, 2026, and is solely responsible for the information contained therein.

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