Suzano SA
BOVESPA:SUZB3
Suzano SA
Nestled in the vibrant economic landscape of Brazil, Suzano SA has emerged as a formidable player in the global marketplace. With roots tracing back to 1924, Suzano has evolved from a local paper mill into one of the largest pulp and paper producers in the world. The company’s operations are deeply intertwined with Brazil’s rich natural resources, capitalizing on its extensive eucalyptus plantations to produce pulp, a crucial raw material used for making paper and other related products. Suzano’s vertically integrated operations—comprising everything from forestry to industrial production—are its backbone, allowing the company to maintain control over its supply chain, optimize efficiency, and ensure product quality. This comprehensive control helps Suzano deliver a range of high-quality products used in everyday items such as tissues, packaging materials, and printing paper, catering to both domestic and international markets.
In addition to its core pulp and paper operations, Suzano stands out for its commitment to sustainability and innovation. The company strives to balance economic gains with environmental stewardship by adopting sustainable forestry practices and investing in alternative technologies such as bioenergy. Suzano’s strategic focus on innovation is evident in its exploration of new applications for eucalyptus beyond traditional paper products, venturing into textile fibers and even bioplastics, which positions the company ahead in the growing market for eco-friendly materials. By leveraging its expertise and resources, Suzano generates revenue not just through the sale of pulp and paper products but also by contributing to a sustainable future, responding to rising global demand for environmentally responsible products. Through this multifaceted approach, Suzano not only strengthens its market position but also reinforces its role as a leader in the movement towards a more sustainable global economy.
Nestled in the vibrant economic landscape of Brazil, Suzano SA has emerged as a formidable player in the global marketplace. With roots tracing back to 1924, Suzano has evolved from a local paper mill into one of the largest pulp and paper producers in the world. The company’s operations are deeply intertwined with Brazil’s rich natural resources, capitalizing on its extensive eucalyptus plantations to produce pulp, a crucial raw material used for making paper and other related products. Suzano’s vertically integrated operations—comprising everything from forestry to industrial production—are its backbone, allowing the company to maintain control over its supply chain, optimize efficiency, and ensure product quality. This comprehensive control helps Suzano deliver a range of high-quality products used in everyday items such as tissues, packaging materials, and printing paper, catering to both domestic and international markets.
In addition to its core pulp and paper operations, Suzano stands out for its commitment to sustainability and innovation. The company strives to balance economic gains with environmental stewardship by adopting sustainable forestry practices and investing in alternative technologies such as bioenergy. Suzano’s strategic focus on innovation is evident in its exploration of new applications for eucalyptus beyond traditional paper products, venturing into textile fibers and even bioplastics, which positions the company ahead in the growing market for eco-friendly materials. By leveraging its expertise and resources, Suzano generates revenue not just through the sale of pulp and paper products but also by contributing to a sustainable future, responding to rising global demand for environmentally responsible products. Through this multifaceted approach, Suzano not only strengthens its market position but also reinforces its role as a leader in the movement towards a more sustainable global economy.
Record Pulp Shipments: Suzano reported record pulp shipment volumes in Q4 2025, reflecting strong operational execution.
Cost Control: Cash costs per tonne fell 3% quarter-over-quarter to BRL 778, the lowest since Q4 2021, and management expects 2026 cash costs to remain at this level.
Free Cash Flow: Generated $400 million in free cash flow for Q4 2025, even amidst low pulp prices.
Debt Reduction: Net debt was reduced to $12.6 billion with leverage declining to 3.2x by year-end.
CapEx Guidance Lowered: 2026 CapEx guidance was reduced by nearly 20% year-over-year.
Pulp Market Outlook: Management highlighted a positive short-term outlook for hardwood pulp due to supply disruptions in Indonesia and delayed new capacity.
Paper & Packaging: Strong U.S. packaging performance, with 21% year-over-year volume growth and contracts insulating most volumes from current market volatility.
Shareholder Returns: Paid BRL 1.4 billion in dividends and launched a new buyback program for up to 40 million shares.