Suzano announced robust results for the second quarter of 2025, reporting sales of 3.7 million tonnes of pulp and paper, an increase of 28% over the same period in 2024. This significant growth was primarily attributed to the strong operational contribution of the new Ribas do Rio Pardo pulp mill, which commenced production in July 2024.
Net revenue for the quarter totaled R$13.3 billion, representing a 16% increase compared to 2Q24. This revenue expansion was supported by the increased pulp production capacity in Brazil, the positive contribution to paper sales from the mills recently acquired in the United States, and favorable foreign exchange rates, which collectively mitigated the impact of lower global pulp prices.
The company's adjusted EBITDA reached R$6.1 billion, and operating cash generation totaled R$4.1 billion, demonstrating solid financial performance. Suzano also reported a net profit of R$5.0 billion, positively impacted by the accounting translation of U.S. dollar-denominated debt and hedging operations into Brazilian Real.
Suzano's net leverage in U.S. dollars stood at 3.1 times at the end of the quarter. The cash cost of pulp production was R$832 per tonne, excluding downtime, indicating the beginning of a downward trend in costs that is expected to become more significant in the second half of 2025.
CEO Beto Abreu highlighted the first anniversary of the new Ribas do Rio Pardo pulp mill, noting its strong operational performance has already enhanced the company's cost competitiveness. He also referenced the landmark joint venture with Kimberly-Clark, underscoring Suzano's continued execution of its long-term strategy for value-accretive growth.
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