Suzano Inaugurates Strong Q3 2025 Performance with 20% Growth in Pulp and Paper Sales

Suzano, the world's largest pulp producer, announces its results for the third quarter of 2025 (3Q25), reporting sales of 3.6 million tonnes of pulp and paper combined, a 20% increase on the same quarter last year (3Q24). The positive result is driven by the operations of the Ribas do Rio Pardo pulp mill, inaugurated in 2024, and by the integration of paper production from assets acquired in the United States in October 2024.

The cash cost of pulp production (excluding downtime) was R$801 per tonne, a 7% reduction compared to 3Q24, another positive highlight of the quarter. The results reflect the continuation of the downward trend in production costs and the ongoing improvement in structural competitiveness.

Net revenue for the quarter totaled R$12.2 billion, broadly flat on the comparable period last year. Adjusted EBITDA totaled R$5.2 billion and operating cash generation was positive at R$3.4 billion. The movement is mainly influenced by lower pulp prices and a weaker exchange rate for exports. Net profit totaled R$2 billion.

Suzano Packaging delivered its first positive Adjusted EBITDA from the US operations acquired in October 2024. The result reflects the company's focus on value generation from the integrated asset base.

Suzano's net leverage in US dollars ended the quarter at 3.3 times in USD. The cash position at the end of Q3 totaled US$6.5bn.

Beto Abreu, CEO of Suzano, commented:

“Even in challenging market conditions, we continued to improve our competitiveness and we remain strongly cash generative, boosted by the exceptional efficiency of our new Ribas do Rio Pardo mill. We remain focused on further strengthening our competitiveness, deleveraging the company and unlocking value from the capital allocations made to date. The solid progress toward establishing the joint venture with Kimberly-Clark, along with the learnings and positive momentum from our packaging operations in the United States, indicates we are on the right path.”