MERCER INTERNATIONAL INC.

Mercer International Inc. released its 2025 Sustainability Report, "Resilience in Action," detailing significant progress towards its 2030 sustainability goals. The company achieved an 11% reduction in Scope 1 GHG emissions intensity and generated 85% of its energy from renewable sources. Mercer emphasizes sustainability as a crucial investment for long-term competitiveness, highlighting initiatives like a carbon capture pilot project and e-mobility advancements.

Mercer International Inc. reported a significant increase in net loss for the first quarter of 2026, reaching $(51.996) million, compared to $(22.339) million in the prior year. Revenues declined to $489.304 million, and the company experienced an operating loss of $(32.892) million. The company also disclosed that its German subsidiaries did not meet a leverage ratio covenant but secured a waiver until September 30, 2026, and recorded $22.000 million in inventory impairment charges.

Mercer International's German subsidiaries entered into a Waiver and Consent Request Letter for their €370.1 million revolving credit facility. The lenders waived the financial covenant requiring a Leverage Ratio not to exceed 3.50:1.00 for the first three fiscal quarters of 2026. However, the agreement introduced more restrictive covenants, including capping facility utilization at €300 million, requiring US$30 million average liquidity, limiting capital expenditures to €60 million, and restricting distributions to the parent company until September 30, 2026. Additionally, the subsidiaries must provide additional periodic reporting and security over certain assets, and the interest rate margin was adjusted.

Mercer International reported a significant decline in Q1 2026 Operating EBITDA to $7.8 million, down from $47.1 million in Q1 2025, and a net loss of $52.0 million, compared to a $22.3 million net loss in the prior year. Results were impacted by a $22.0 million non-cash inventory impairment due to low pulp prices and high fiber costs. The company secured an extended waiver for its German revolving credit facility due to not meeting covenant compliance and is pursuing initiatives like the "One Goal One Hundred" program, which achieved $11.0 million in Q1 cost savings, totaling $41.0 million since April 2025.

Mercer International Inc. announced the rescheduling of its first-quarter 2026 financial results release and conference call. The results, previously set for April 30, 2026, will now be released on May 7, 2026, after market close. The conference call has been moved to May 8, 2026, at 10:00 AM ET, with webcast and registration details provided for interested parties.

Mercer International Inc. announced it will release its first quarter 2026 financial results after market close on Thursday, April 30, 2026. Following the release, President and CEO Juan Carlos Bueno and CFO Richard Short will host a conference call on Friday, May 1, 2026, at 10:00 am ET to discuss the results. Interested parties can access the call via webcast or by registering for audio access.