Welcome to our dedicated page for Suzano S.A. SEC filings (Ticker: SUZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Suzano S.A.'s SEC filings document its status as a Brazilian foreign private issuer with American depositary shares listed on the NYSE and ordinary shares traded on B3. Annual Form 20-F reporting and Form 6-K current reports cover consolidated pulp, paper and packaging results, IFRS financial statements, operating metrics, debt, leverage, cash generation and risk disclosures for an integrated forestry-based producer.
The filing record also includes bylaws, board and shareholder meeting minutes, dividend notices, financing disclosures involving rural product notes and debentures, and governance materials tied to the company's authorized-capital structure and Novo Mercado listing obligations. These documents provide formal disclosure on capital structure, shareholder approvals, corporate governance and material operating updates.
Suzano S.A.’s board approved the second issuance of rural product notes with financial settlement (CPR-Fs) totaling BRL 2.5 billion, to be publicly distributed in Brazil under a firm underwriting guarantee. These notes will be split into up to two series, each with IPCA-linked monetary adjustment and semiannual interest.
One series will have a 10-year term and the other a 12-year term, with allocation between the series defined via a bookbuilding process using a “communicating vessels” system. Net proceeds will fund the formation and exploitation of homogeneous forests and the conservation of native forests, aligning the financing with Suzano’s core forestry operations.
Suzano S.A. approved the second issuance of up to 2,500,000 financial liquidation rural product notes (CPR-Fs), each with a unit value of R$1,000.00, totaling R$2,500,000,000.00. These book-entry securities will be publicly distributed to professional investors in up to two series.
The first series may include a maximum of 1,500,000 CPR-Fs, equivalent to R$1,500,000,000.00, and the second series at least 1,000,000 CPR-Fs, equivalent to R$1,000,000,000.00, with allocation defined via a communicating-vessels system during a bookbuilding procedure.
The net funds raised will be used to form and exploit homogeneous forests and to conserve native forests. Completion of the offering and payment for the CPR-Fs depends on market conditions and compliance with contractual, regulatory, and legal requirements.
Suzano S.A. filed an initial insider ownership report for board member Paulo Rogerio Caffarelli. This Form 3 establishes his status as a reporting person for the company’s securities. The filing lists no share purchases, sales, acquisitions, or disposals in this report.
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.