Suzano, the world's largest cellulose producer and a global reference in the manufacture of bioproducts developed from eucalyptus, announces its balance sheet for the second quarter of 2026 (2Q26), with increases in prices and improvements in adjusted EBITDA, sales volume and operational cash generation compared to the previous quarter. The quarter's results reflect the competitiveness and resilience of Suzano's operations in a period marked by exchange rate pressures and rising input costs, influenced by higher oil prices, which affect the entire sector.
Suzano's sales moved 3.3 million tons in the quarter, with 2.9 million tons of cellulose and 406 thousand tons of papers for packaging, graphic, specialty and sanitary applications. Net revenue totaled R$ 11.6 billion and adjusted EBITDA reached R$ 4.7 billion, both higher than the previous quarter. Operational cash generation reached R$ 2.9 billion and net profit totaled R$ 1.8 billion in the quarter.
Despite cost pressures, the cash production cost of cellulose, excluding shutdowns, totaled R$ 843 per ton, practically at the same level as the second quarter of 2025. The company also maintains hedging policies to mitigate volatility in Brent prices.
The company's financial leverage, measured by the ratio of net debt to adjusted EBITDA, ended the quarter at 3.4 times in dollars. Suzano remains focused on reducing debt, supported by cash generation from its operations, improved efficiency and its discipline in capital allocation.
"We delivered a solid second quarter in a volatile market scenario. We remain focused on operational efficiency and reducing our debt levels, which will strengthen our resilience and the company's competitiveness. At the same time, we maintain our focus on capturing value from investments already made, generating sustainable value for our stakeholders," says Suzano's president, Beto Abreu.
After the end of the quarter, Suzano completed the acquisition of a 51% stake in Arbex, a global tissue company formed with Kimberly-Clark, with a payment of US$ 1.3 billion. Arbex began operations on July 1, 2026 and is responsible for the production, marketing actions and commercialization of tissue products for consumer and professional use in more than 70 countries. The company brings together 22 mills located in 14 markets. Arbex's results will be consolidated in Suzano's financial statements starting in the third quarter of 2026.
About Suzano
Suzano is the world's largest cellulose producer, one of the largest papermakers in Latin America and a leader in the toilet paper segment in Brazil. The company adopts best practices in innovation and sustainability to develop products and solutions from renewable raw materials. Suzano's products are present in the lives of more than 2 billion people, approximately 25% of the world's population, and include cellulose; personal hygiene items such as toilet paper and napkins; papers for packaging, cups and straws; papers for printing and writing, among other products developed to meet the planet's growing need for more sustainable items. Among its brands in Brazil are Neve®, Pólen®, Suzano Report®, Mimmo®, among others. With headquarters in Brazil and operations in Latin America, North America, Europe and Asia, the company has more than 100 years of history and shares traded on exchanges in Brazil (SUZB3) and the United States (SUZ). Learn more at: suzano.com.br
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