Business UpdateMay 11, 2026, 05:07 PM
Suzano Targets $11.0B Net Debt, <2.5x Leverage by 2027-2028
AI Summary
Suzano S.A. has announced its net debt and leverage targets, aiming for net debt of US$11.0 billion and a leverage ratio below 2.5x by fiscal years 2027 and 2028. These targets are based on specific average exchange rate assumptions for the respective years. Additionally, the company provided estimates for its pulp cash production cost, projecting R$830-R$840 per tonne for the second quarter of 2026 and approximately R$800 per tonne for the full year 2026, factoring in assumed exchange rates and Brent crude prices.
Key Highlights
- Suzano targets net debt of $11.0 billion by fiscal years 2027 and 2028.
- Leverage target is below 2.5x (net debt/Adjusted EBITDA) by fiscal years 2027 and 2028.
- Estimated pulp cash production cost for Q2 2026 is R$830-R$840 per tonne.
- Full-year 2026 pulp cash production cost is estimated at approximately R$800 per tonne.
- Q2 2026 cost estimate assumes USD/BRL R$5.00 and Brent $87 per barrel.
- Full-year 2026 cost estimate assumes USD/BRL R$5.07 and Brent $84 per barrel.
- Net debt and leverage estimates are based on average USD/BRL rates of R$5.17 (2026), R$5.25 (2027), and R$5.28 (2028).