Suzano strengthened its competitive position in the third quarter of 2025 (3Q25) through improved operational efficiency and the effective integration of newly acquired U.S. paper assets.
The company reported combined pulp and paper sales of 3.6 million tonnes, up 20 percent from the same period last year. The increase reflects robust performance at the Ribas do Rio Pardo pulp mill, inaugurated in 2024, and contributions from its expanding packaging operations in the United States.
Suzano’s pulp cash production cost, excluding downtime, fell to R$801 per tonne, a 7 percent year-on-year decrease. This marks a continued improvement in cost competitiveness and the structural efficiency gains achieved through the new mill’s productivity.
Quarterly net revenue remained broadly stable at R$12.2 billion, while Adjusted EBITDA totaled R$5.2 billion. Operating cash generation reached R$3.4 billion, supported by tighter cost control and higher volumes, though partially offset by lower pulp prices and a weaker export exchange rate. Net profit stood at R$2 billion.
Suzano Packaging achieved its first positive Adjusted EBITDA from the U.S. operations acquired in October 2024, reflecting the company’s focus on value generation from its integrated asset base.
At quarter-end, Suzano’s net leverage stood at 3.3 times EBITDA in U.S. dollars, and its cash position reached US$6.5 billion, underscoring a solid financial profile.
“Even in challenging market conditions, we continued to improve our competitiveness and remained strongly cash generative, boosted by the efficiency of our new Ribas do Rio Pardo mill,” said Beto Abreu, CEO of Suzano. “We remain focused on strengthening our competitiveness, deleveraging the company, and creating value from recent investments. Our progress on the Kimberly-Clark joint venture and in U.S. packaging operations shows we are moving in the right direction.”
Founded in Brazil, Suzano operates globally across the pulp, packaging, and paper markets, combining sustainable innovation with long-term value creation for its stakeholders.
