Quarterly ResultApr 29, 2026, 05:07 PM
SUZ 1Q26 Adj. EBITDA R$4.6B (-6% YoY); Net Income R$4.3B (-32% YoY)
AI Summary
Suzano S.A. reported 1Q26 consolidated Adjusted EBITDA of R$4.6 billion, a 6% decrease year-over-year, and Net Income of R$4.3 billion, down 32% year-over-year. Pulp sales volume increased 7% year-over-year, while paper sales declined 3%. Results were impacted by a stronger Brazilian Real and seasonal lower sales volumes, despite higher pulp prices. Leverage in US$ rose to 3.3x.
Key Highlights
- Adjusted EBITDA was R$4.580 billion, down 6% YoY and 18% QoQ.
- Net Income reached R$4.312 billion, a 32% decrease YoY.
- Pulp sales volume increased 7% YoY to 2,835 thousand tonnes.
- Paper sales volume decreased 3% YoY to 378 thousand tonnes.
- Average net pulp price in export market was $562/t, up 1% YoY.
- Pulp production cash cost ex-downtimes was R$802/t, down 7% YoY.
- Leverage (Net Debt/Adjusted EBITDA) was 3.3x in US$, up from 3.0x in 1Q25.
- Operating cash generation was R$2.521 billion, down 4% YoY.