Suzano announced record net revenue of R$11.6 billion for the first quarter of 2025, marking a 22% increase over the same quarter last year. This achievement was driven by favorable exchange rates, increased pulp sales volumes from the new Ribas do Rio Pardo mill, higher paper volumes and prices, and positive contributions from recently acquired paperboard mills in the U.S.
Total sales exceeded 3 million tonnes in the quarter, representing a 12% rise compared to 1Q24. This included 2.7 million tonnes of pulp, up 10%, and 390 thousand tonnes of paper, an increase of 25% year-over-year, despite a series of planned maintenance downtimes across several production units.
Adjusted EBITDA for the quarter totaled R$4.9 billion, a 7% increase over 1Q24, with operating cash generation reaching R$2.6 billion, up 5% from the prior year. The company reported a net profit of R$6.3 billion, primarily due to the accounting impact of U.S. dollar-denominated debt and hedging operations translating into Brazilian Real.
Suzano's net leverage in U.S. dollars stood at 3.0 times at the end of the quarter, reflecting continued financial discipline. The company allocated R$2.2 billion to discretionary interest on equity payments and invested R$3.6 billion in capital expenditure for maintenance, modernization, and expansion of its asset base.
CEO Beto Abreu emphasized the team's solid performance and the company's intensified focus on enhancing competitiveness, ensuring resilience, and generating positive free cash flow across various pulp pricing and FX scenarios. A clear focus on deleveraging throughout the year remains a strategic priority.
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