Suzano released its results for the second quarter of 2026, reporting improvements in prices, adjusted EBITDA, sales volume and operating cash generation compared with the previous quarter. The performance took place amid foreign exchange pressures and higher input costs, influenced by rising oil prices.
During the quarter, Suzano’s sales totaled 3.3 million tons, including 2.9 million tons of pulp and 406,000 tons of paper for packaging, graphic, specialty and sanitary applications. Net revenue reached R$11.6 billion, while adjusted EBITDA totaled R$4.7 billion. Operating cash generation amounted to R$2.9 billion, and net income reached R$1.8 billion.
Despite cost pressures, Suzano’s cash production cost for pulp, excluding scheduled downtime, stood at R$843 per ton, remaining virtually at the same level as in the second quarter of 2025. The company also maintains hedging policies to mitigate Brent price volatility.
At the end of the quarter, Suzano’s financial leverage, measured by the ratio of net debt to adjusted EBITDA, stood at 3.4 times in U.S. dollars. The company remains focused on reducing its debt level through operating cash generation, efficiency improvements and disciplined capital allocation.
“We delivered a solid second quarter in a volatile market environment. We remain focused on operational efficiency and reducing our debt level, which will strengthen the company’s resilience and competitiveness,” said Beto Abreu, President of Suzano.
Following the end of the quarter, Suzano completed the acquisition of a 51% stake in Arbex, a global tissue company formed with Kimberly-Clark, for US$1.3 billion. Arbex began operations on July 1, 2026, and is responsible for producing, marketing and selling tissue products for consumer and professional use in more than 70 countries. The company operates 22 plants across 14 markets. Arbex’s results will be consolidated into Suzano’s financial statements beginning in the third quarter of 2026.
