Suzano announced its results for the first quarter of 2026 (1Q26), achieving a new all time record in pulp sales. Over the 12 month period from April 2025 to March 2026, the company sold 12.7 million tonnes of pulp, the highest volume ever recorded in its history. During the same period, Suzano also sold 1.7 million tonnes of paper across the packaging, printing and writing, specialty, and tissue segments.
This unprecedented sales level mainly reflects the increase in production capacity following the start up of the Ribas do Rio Pardo pulp mill in the state of Mato Grosso do Sul, as well as Suzano’s strong operational efficiency across its production lines and supply chains, serving customers in more than 100 countries worldwide.
In the first quarter of 2026, Suzano sold a total of 3.2 million tonnes, comprising 2.8 million tonnes of pulp and 378 thousand tonnes of paper. Net revenue amounted to BRL 11.0 billion, while adjusted EBITDA reached BRL 4.6 billion. Net income totaled BRL 4.3 billion in 1Q26.
The quarterly results reflect the competitiveness and resilience of Suzano’s operations. Operating cash generation reached BRL 2.5 billion, amid a more challenging macroeconomic environment marked by the appreciation of the Brazilian real against the U.S. dollar and ongoing geopolitical tensions in the Middle East. Pulp prices in U.S. dollars posted a slight recovery during the period.
"We have delivered a solid first quarter, with pulp prices trading above our expectations at the end of 2025. The business remains fully focused on operational efficiency, cost discipline and deleveraging, pillars that provide resilience and will help to further strengthen our competitiveness in a challenging operating environment," said Beto Abreu, CEO of Suzano.
Potential impacts from geopolitical tensions in the Middle East on global oil prices represent a cost pressure for Suzano and the industry as a whole. However, the company maintains hedging policies to mitigate the effects of higher energy costs on its operations. In the first quarter, cash cost of pulp production, excluding downtime, totaled BRL 802 per tonne.
Suzano’s net leverage in U.S. dollars ended March 2026 at 3.3 times. Net debt totaled USD 13.0 billion.
