Klabin, Brazil’s only producer to offer solutions in hardwood, softwood and fluff pulp, achieved Adjusted EBITDA (excluding non-recurring effects) of R$1.823 billion in the fourth quarter of 2024, representing an increase of 13% over the same period last year. In the year to date, the indicator totaled R$7.333 billion, an increase of 17% compared to 2023. This result was driven by the positive performance of all the company’s business fronts, especially the capture of synergies from the Caetê Project.
Total net revenue for 4Q24 reached R$5.268 billion, an increase of 17% compared to the same quarter in 2023, driven by price appreciation and higher sales volume. The total volume sold in the quarter, excluding wood, was 1.016 million tons, an increase of 6% compared to 4Q23. The paper and packaging segments stood out, driven by the ramping up of production volumes and the resumption of containerboard and recycled operations, as well as progress in the corrugated cardboard sector due to the improvement in consumption indicators.
In the year to date, net revenue totaled R$19.645 billion, an increase of 9% compared to 2023. Total sales volume (excluding wood) reached 3.870 million tons, up 6% on the previous year.
The company maintained its operational predictability, ending 2024 with total cash costs per ton and investments (CAPEX) in line with the projections communicated to the market. Leverage remained stable in relation to the previous quarter, within the limits set by the Company’s Debt Policy.
COMMITMENT TO SUSTAINABILITY
For the fifth consecutive year, Klabin was included in the global portfolio of the Dow Jones Sustainability Index and returned to the emerging markets portfolio. In addition, the company was approved to update its greenhouse gas (GHG) emissions reduction targets by the Science Based Targets initiative (SBTi), establishing a commitment to reduce emissions by 42% in scopes 1 and 2, and 42% in scope 3, by 2030.
For the long term, the decarbonization target (net-zero) has become even more ambitious, with a commitment to reduce absolute scope 1 and 2 GHG emissions by 90% by 2050, as well as achieving a 90% reduction in scope 3 emissions. All targets take 2022 as the base year.
SUBSEQUENT EVENTS
On February 3, 2025, Klabin announced the receipt of the first installment of the Caetê Project land monetization, in the amount of R$800 million, marking the conclusion of the Plateau Project. The second installment, of R$1 billion, subject to adjustments, is scheduled for the second quarter of 2025.
On February 12, 2025, the Company made an early payment on an Export Credit Note (NCE), originally due in May 2026. The amount paid was R$1.6 billion, including the total financing and the settlement of the swap linked to the NCE, reinforcing Klabin’s efficient debt management.
