Suzano S.A. SEC Filings

Suzano S.A. insider Secches Nildemar, identified as Board of Directors VP, filed an initial statement of beneficial ownership of securities. This Form 3 does not report any share purchases, sales, acquisitions, or dispositions, reflecting only the establishment of insider reporting status.

Suzano S.A. reports record 2025 sales volumes and lower production costs in its fourth-quarter update. Total sales reached 12.5 million tons, up from 10.9 million in 2024, with pulp at 10.9 million tons and paper and packaging at 1.5 million tons.

Adjusted EBITDA was R$21.7 billion, compared with R$23.8 billion in 2024, while operating cash generation totaled R$13.9 billion. Cash production cost excluding downtimes fell to R$817 per ton, the lowest level since 2021. Liquidity stood at US$12.6 billion, and net debt was US$6.6 billion, with leverage at 3.2x in U.S. dollars.

The pulp business showed strong margins, with Adjusted EBITDA margins around the mid‑50% range and cash cost improvements through 2025. Management highlights a declining total operational disbursement trend toward 2027 guidance and emphasizes positive free cash flow.

Suzano also reinforced shareholder returns, distributing R$1.4 billion in dividends (R$1.17 per share), completing 15 million shares repurchased for R$805 million under its 5th buyback program, and authorizing a 6th buyback of up to 40 million shares. The company reiterates its focus on reducing net debt, managing capex within guidance, and progressing its joint venture with Kimberly‑Clark toward an expected mid‑2026 closing.

Suzano S.A. reported that its Board of Directors met on February 10, 2026 and reviewed the company’s performance for the year ended December 31, 2025. With participation from its independent auditor PwC, the Statutory Audit Committee and the Fiscal Council gave favorable views on the Management Report and the individual and consolidated financial statements.

The Board unanimously issued a favourable opinion on these 2025 financial statements and explanatory notes, authorized their disclosure under applicable rules, and approved submitting them for a decision at the company’s next Annual General Meeting.

Suzano S.A. approved a new share buyback program allowing repurchase of up to 40,000,000 common shares of its own stock. This February/2026 Program represents approximately 6.5% of the Company’s 612,918,471 free float shares on the approval date.

The program runs for up to 18 months, expiring on August 10, 2027, with purchases on B3 at market prices through several major brokerages. Funding will come from available profit and capital reserves and realized profit for the year, based on financial statements as of December 31, 2025.

Suzano already holds 28,020,765 treasury shares, about 4.6% of its free float. The board states the goal is to create shareholder value, potentially increasing per-share dividends and ownership if shares are cancelled, and believes the program will not affect creditor obligations or mandatory dividends.

Suzano S.A. states it will operate its market pulp business in 2026 at a production volume approximately 3.5% below its nominal annual capacity. This continues the lower operating rate previously communicated in August 2025, rather than restoring full capacity.

The company explains that bringing back this marginal volume would not generate adequate returns, so it is choosing to keep production constrained. Suzano emphasizes that this disclosure reflects its commitment to transparency with shareholders, investors, and the broader market.

Suzano S.A. reported solid operating performance in 4Q25, with consolidated net revenue of R$13.1 billion, up 8% quarter-on-quarter but 8% lower year-on-year amid weaker pulp prices and a stronger real. Adjusted EBITDA reached R$5.6 billion, 7% above 3Q25 and 14% below 4Q24, for a 43% margin.

Pulp and paper volumes hit record levels, with pulp sales of 3.4 million tonnes and paper sales of 474 thousand tonnes, up 4% and 10% year-on-year, respectively. Cash cost of pulp ex-downtime fell to R$778/t, its lowest nominal level since 4Q21, helping support profitability despite lower prices.

Net income was R$116 million, reversing the R$6.7 billion loss in 4Q24 but well below 3Q25, mainly due to adverse currency and derivative effects. For 2025, net revenue grew 6% to R$50.1 billion and adjusted EBITDA reached R$21.7 billion. Leverage stood at 3.2x net debt/adjusted EBITDA in both reais and dollars, while last‑twelve‑month free cash flow yield was 16.7% and ROIC was 11.5%.

Suzano S.A. reports a strong 2025 turnaround, posting net income of R$13,438 million after a R$7,045 million loss in 2024, mainly driven by a R$9,762 million positive net financial result from exchange-rate and derivatives gains. Net revenue grew 6% to R$50,116 million, while Adjusted EBITDA fell 9% to R$21,736 million as lower dollar pulp prices outweighed higher volumes.

Net debt declined to R$69,369 million (US$12,607 million), with leverage at 3.2x Adjusted EBITDA and readily available liquidity of R$32,448 million. Suzano invested R$13,299 million in capex, paid R$1.38 billion in dividends, repurchased 14.8 million shares, and approved a new buyback of up to 40 million shares. Strategically, it advanced a tissue joint venture with Kimberly-Clark, integrated U.S. paperboard assets, expanded innovation in eucalyptus genetics and fluff pulp, and set SBTi‑validated climate targets while keeping 38% of total debt in ESG-linked instruments.

Suzano S.A. presents its 2025 parent and consolidated financial statements with multiple internal bodies and external auditors affirming their quality. The fiscal council and the statutory audit committee reviewed the management report, financial statements and notes for the year ended December 31, 2025.

PricewaterhouseCoopers Auditores Independentes Ltda. issued an unqualified opinion on these financial statements. The audit committee, which met nine times between February 2025 and February 2026, monitored internal controls, risk management, compliance, cybersecurity and related-party transactions and unanimously recommended that the board approve the 2025 accounts and profit allocation.

The executive board also stated that it reviewed, discussed and agreed with both the 2025 consolidated financial statements and PwC’s opinions, reinforcing internal alignment on the accuracy and fairness of Suzano’s reported results.

Suzano S.A. furnished its audited consolidated financial statements for the year ended December 31, 2025, showing a strong rebound in performance. Net sales reached R$50,115,679 thousand, up from R$47,403,282 thousand in 2024, and net income swung to a profit of R$13,437,687 thousand from a loss of R$(7,044,706) thousand.

Operating profit before net financial items was R$10,649,009 thousand, supported by significant gains from derivative financial instruments and favorable monetary and exchange variations. Cash provided by operating activities was R$18,152,175 thousand, funding heavy investments in property, plant, equipment and biological assets.

The company highlighted a planned acquisition by its subsidiary of a 51% interest in a global tissue business carved out from Kimberly-Clark for US$1,734 billion (about R$9,541 billions), expected to close by mid‑2026, and a share capital increase of R$5,000,000 thousand via reserve capitalization. Interim dividends of R$1,380,000 thousand were approved. Management concluded that internal control over financial reporting was effective as of December 31, 2025, and PricewaterhouseCoopers issued unqualified opinions on both the financial statements and internal controls, while identifying critical audit matters on biological asset valuation and tax and social security litigation.