Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
operating cash generationfinancial
Cash produced by a company’s core business activities—money that actually flows into the bank from selling products or services after paying routine operating costs. For investors this shows whether the business generates real, spendable funds to cover debt, reinvest in growth, or return money to shareholders; it’s like measuring how much water is coming through a garden hose after accounting for leaks, not just what the meter says on paper.
hedging policiesfinancial
Hedging policies are a company’s written rules about using financial tools to reduce the risk that changes in prices, interest rates or currencies will hurt its profits or cash flow. For investors, these policies act like an insurance plan or a price-lock strategy: they can smooth earnings and protect cash forecasts, but they also limit upside if markets move favorably and add costs that affect returns.
cash costfinancial
Cash cost is the actual out-of-pocket money a business spends to produce a product or run its everyday operations, excluding accounting items that don't require immediate cash (for example, depreciation). Investors care because it shows the real, short-term cash burden per unit of output or service—like comparing the grocery bill for a meal versus the estimated long-term appliance wear—and helps judge whether a company can generate cash and cover expenses from its core activities.
net leveragefinancial
Net leverage measures how many years it would take for a company to pay off its outstanding debt using its annual operating cash flow, after subtracting cash on hand from total debt. Think of it like a household’s mortgage balance minus savings divided by yearly income; a lower number means the company is in a safer position to handle debt, while a higher number signals greater financial risk and potential pressure on profits or growth.
net debtfinancial
Net debt is the total amount a company owes after subtracting the cash and assets it has that can be used to pay off that debt. It shows how much debt is truly a burden, helping investors understand if a company is financially healthy or heavily borrowed. Think of it like calculating how much money you owe after using your savings to pay part of it.
SÃO PAULO--(BUSINESS WIRE)--
Suzano(B3: SUZB3 | NYSE: SUZ), the world’s largest pulp producer, announces its results for the first quarter of 2026 (1Q26), achieving a new all‑time record in pulp sales. Over the 12‑month period from April 2025 to March 2026, the company sold 12.7 million tonnes of pulp, the highest volume ever recorded in its history. During the same period, Suzano also sold 1.7 million tonnes of paper across the packaging, printing and writing, specialty, and tissue segments.
This unprecedented sales level mainly reflects the increase in production capacity following the start‑up of the Ribas do Rio Pardo pulp mill in the state of Mato Grosso do Sul, as well as Suzano’s strong operational efficiency across its production lines and supply chains, serving customers in more than 100 countries worldwide.
In the first quarter of 2026, Suzano sold a total of 3.2 million tonnes, comprising 2.8 million tonnes of pulp and 378 thousand tonnes of paper. Net revenue amounted to BRL 11.0 billion, while adjusted EBITDA reached BRL 4.6 billion. Net income totaled BRL 4.3 billion in 1Q26.
The quarterly results reflect the competitiveness and resilience of Suzano’s operations. Operating cash generation reached BRL 2.5 billion, amid a more challenging macroeconomic environment marked by the appreciation of the Brazilian real against the U.S. dollar and ongoing geopolitical tensions in the Middle East. Pulp prices in U.S. dollars posted a slight recovery during the period.
“We have delivered a solid first quarter, with pulp prices trading above our expectations at the end of 2025. The business remains fully focused on operational efficiency, cost discipline and deleveraging, pillars that provide resilience and will help to further strengthen our competitiveness in a challenging operating environment,” said Beto Abreu, CEO of Suzano.
Potential impacts from geopolitical tensions in the Middle East on global oil prices represent a cost pressure for Suzano and the industry as a whole. However, the company maintains hedging policies to mitigate the effects of higher energy costs on its operations. In the first quarter, cash cost of pulp production, excluding downtime, totaled BRL 802 per tonne.
Suzano’s net leverage in U.S. dollars ended March 2026 at 3.3 times. Net debt totaled USD 13.0 billion.
