Mercer International Inc. reported a third quarter 2025 net loss of $80.8 million, or $1.21 per share, compared to a net loss of $17.6 million, or $0.26 per share, in the same quarter of 2024. Operating EBITDA was negative $28.1 million, down from positive $50.5 million a year earlier. The quarter included a $20.4 million non-cash inventory impairment charge. Working capital was $579.7 million, and total assets stood at $2,290.6 million. Long-term liabilities were $1,642.9 million, while total shareholders' equity was $359.5 million. The company highlighted ongoing challenges from global economic conditions, higher fiber costs, and pulp grade substitution. Mercer continued to advance its "One Goal One Hundred" program, targeting $100 million in cost savings and operational efficiencies by the end of 2026, and took measures to improve liquidity, including further cost reductions and lower capital expenditures. No dividends were declared for the quarter.