Suzano (SUZ) Reports Record Pulp and Paper Sales of 14.4 Million Tonnes, Bolstered by New Mill Capacity
Suzano (NYSE: SUZ) hit a new high-water mark in the twelve months ended March, selling 12.7 million tonnes of pulp and 1.7 million tonnes of paper — a company record that underscores the rapid expansion underway at its newest facility in Ribas do Rio Pardo, Brazil. The mill, which came online last year, added roughly 2.8 million tonnes of annual hardwood pulp capacity and has helped Suzano stretch its lead as the world’s top pulp producer.
In the first quarter of 2026, total sales hit 3.2 million tonnes, generating BRL 11.0 billion in net revenue, BRL 4.6 billion in adjusted EBITDA, and BRL 4.3 billion in net income. The results came amid a volatile macro environment — a stronger U.S. dollar, rising energy costs tied to geopolitical friction, and lingering supply-chain disruptions — but Suzano’s disciplined hedging program and cost-efficiency measures kept margins intact.
CEO Beto Abreu said pulp prices “exceeded expectations” from late 2025 onward, providing a tailwind that allowed the company to maintain pricing power even as global demand softened in some segments. Looking ahead, management remains focused on reducing leverage. Net debt stood at $13.0 billion as of March 31, translating to a net leverage ratio of 3.3x, which the company aims to bring down through free cash flow generation and working capital optimization.
Suzano, headquartered in São Paulo, is a vertically integrated producer of pulp, paper, and bio-based products, with operations spanning biofuels, biotech, logistics, and forest conservation. The company serves customers in more than 100 countries and manages roughly 2.6 million hectares of planted forests and conservation land.
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