Suzano Reports Increased Operational Efficiency With Lower Cash Cost in the Third Quarter of 2025

Core Insights - Suzano, the world's largest pulp producer, reported a 20% increase in combined pulp and paper sales, reaching 3.6 million tonnes in Q3 2025 compared to Q3 2024, driven by the new Ribas do Rio Pardo mill and U.S. paper production integration [1] Financial Performance - The cash cost of pulp production decreased by 7% to R$801 per tonne compared to Q3 2024, reflecting a downward trend in production costs and improved competitiveness [2] - Net revenue for Q3 2025 was R$12.2 billion, remaining broadly flat year-over-year, while adjusted EBITDA was R$5.2 billion and operating cash generation was R$3.4 billion, influenced by lower pulp prices and a weaker export exchange rate [3] - Net profit for the quarter totaled R$2 billion [3] Operational Highlights - Suzano Packaging achieved its first positive adjusted EBITDA from U.S. operations acquired in October 2024, indicating successful integration and value generation from the asset base [4] - The company's net leverage in U.S. dollars was 3.3 times at the end of the quarter, with a cash position of US$6.5 billion [4] Management Commentary - The CEO of Suzano emphasized the company's focus on improving competitiveness and cash generation, highlighting the efficiency of the Ribas do Rio Pardo mill and progress in establishing a joint venture with Kimberly-Clark [5]