Domtar CORP

What Do They Do?

Makes and sells fiber-based products, including paper and pulp, and wood products to converters, retailers and other businesses.

How Do They Make Money?

Customers buy finished goods, with payment due in less than one year; depending on delivery terms, Domtar sells them when shipped or delivered.

FY2025 revenue by product or service revenue

Segment	Share	Revenue
Communication Papers	32% FY2022: 51%
Specialty and Packaging Papers	18% FY2022: 18%
Market Pulp	25% FY2022: 30%
Linerboard	3.5%
Newsprint	4.7% FY2022: 1.1%
Tissue	3.4%
Wood	14%

Who Are Their Customers?

Paper and pulp go to businesses such as converters and printers, through distributors, sales staff or agents and sometimes directly. Retailers and other businesses also buy tissue and wood products.

Do Revenues Turn Into Profits?

No. It lost $804M in FY2025.

Operating income, FY2025

−6% of revenue

▼ Now a loss vs FY2024 ($218M, 3%)

Net income, FY2025

−12% of revenue

▲ +4629% (Loss) vs FY2024 (−$17M, 0%)

Free cash flow, FY2025

−4% of revenue

▲ +36% (Loss) vs FY2024 (−$201M, −3%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Sep 30, 2026

Revenue: ▲ 0%; vs $1.7B in Q3 FY2025
Net income: ▼ −90% (Loss); vs −$315M in Q3 FY2025

Communication Papers share of revenue vs 30.6% in Q3 FY2025

Growing. Revenue grew 25% in 3 years, from $5.5B in FY2022 to $6.9B in FY2025, about 8% a year.

Beyond pulp and paper The older report centers on pulp and paper; the latest also describes tissue and wood products, including lumber, decking, engineered wood and pellets.

Revenue over time

Communication Papers Specialty and Packaging Papers Market Pulp Linerboard Newsprint Tissue Wood

$10B$5B$0

FY2022 FY2023 FY2024 FY2025

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