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. released updated financial and operating guidance, setting a net debt target of US$11.0 billion and a leverage goal below 2.5x Adjusted EBITDA, expected to be reached over fiscal years 2027 and 2028. These targets rely on assumed USD/BRL exchange rates of R$5.17 in 2026, R$5.25 in 2027 and R$5.28 in 2028.
The company also guided that pulp cash production costs, excluding scheduled maintenance downtimes, are expected at R$830–R$840 per tonne in the second quarter of 2026, about 3%–5% higher than in the first quarter of 2026, based on an exchange rate of R$5.00 and Brent at US$87 per barrel. For full-year 2026, Suzano estimates pulp cash production cost at approximately R$800 per tonne, assuming an average exchange rate of R$5.07 and Brent at US$84 per barrel. Suzano will also update item 3 of its Reference Form within the regulatory deadline and emphasizes that these figures are forward-looking estimates subject to risks and uncertainties.
Suzano S.A. reported board decisions from its April 29, 2026 meeting, focused on governance and leadership structure. The Board appointed members to the Statutory Audit Committee and several non‑statutory advisory committees for a two‑year term ending after approval of the December 31, 2027 financial statements.
The Board also re‑elected the company’s Statutory Executive Vice Presidents, including the Chief Executive Officer and the Executive Vice President of Finance and Investor Relations, for a one‑year term running through the Board meeting after the December 31, 2026 financial statements. The composition of the Non‑Statutory Executive Vice Presidency was confirmed for a concurrent term.
Abreu Joao Alberto Fernandez de reported acquisition or exercise transactions in this Form 4 filing.
Suzano S.A. CEO Joao Alberto Fernandez de Abreu received two grants of performance-based restricted shares as equity compensation. He was awarded 192,567 Performance Restricted Shares at a stated price of $0.0000 per share and a separate grant of 97,824 Performance Restricted Shares, also at $0.0000 per share.
After these grants, his reported holdings in these performance share lines are 458,169 and 265,602 units, respectively. According to the performance conditions, upon vesting additional common shares may be delivered based on Total Shareholder Return, with a factor that varies between 75% and 125% depending on how Suzano’s SUZB3 shares perform versus Brazilian industry peers.
Suzano S.A. provides a 1Q26 operational and financial update highlighting resilient pulp and paper operations, strong liquidity and active risk management amid geopolitical and commodity volatility.
Pulp sales volume reached 2.8 million tons, above 1Q25 but below 4Q25, with production fully sold and export prices higher. Adjusted EBITDA was R$4.6 billion, while operating cash generation was R$2.5 billion. Pulp cash cost excluding downtimes was R$802 per ton, down versus 1Q25 but up versus 4Q25 due to the maintenance calendar. Liquidity totaled US$13.0 billion and net debt was US$6.1 billion, resulting in leverage of 3.3x net debt to Adjusted EBITDA in U.S. dollars. Management emphasizes a conservative financial policy, with extensive oil and FX hedging coverage and a focus on strengthening the balance sheet and competitiveness, while expecting the joint venture with Kimberly-Clark to close in 3Q26.
Suzano S.A. reported softer first-quarter 2026 results as currency movements and seasonality weighed on performance. Net revenue was R$10.97 billion, down 16% from the prior quarter and 5% year over year, mainly from lower pulp and paper volumes and a weaker average dollar against the real.
Adjusted EBITDA reached R$4.58 billion with a 42% margin, down 18% quarter over quarter and 6% year over year, as stronger pulp prices could not fully offset currency headwinds and higher unit costs. Net income was R$4.31 billion, helped by a R$4.62 billion positive net financial result driven by exchange and derivative gains. Net debt stood at R$68.1 billion, equal to 3.2 times adjusted EBITDA in reais and 3.3 times in U.S. dollars.
Suzano S.A. reported unaudited Q1 2026 net sales of R$10.97 billion, slightly below the R$11.55 billion posted a year earlier, as both pulp and paper revenues softened. Gross profit declined to R$3.16 billion from R$3.82 billion amid higher depreciation and cost pressures.
Despite weaker operating profit, Suzano recorded strong financial gains from derivatives and foreign‑exchange movements, driving net income to R$4.31 billion versus R$6.35 billion in Q1 2025. Basic earnings per share were R$3.48. Operating cash flow reached R$2.90 billion, funding heavy spending on forests and capex.
At March 31, 2026, total assets were R$165.8 billion and total equity R$48.2 billion, with loans, financing and debentures of R$90.74 billion. The company highlights a strong cash and marketable securities position of about R$22.7 billion and continued use of hedging to manage currency and interest‑rate risk.
Suzano reiterates its planned acquisition of a 51% stake in a global tissue business carved out from Kimberly‑Clark for US$1.734 billion, covering 22 plants in 14 countries, expected to close by mid‑2026. Management also notes no material operational impacts from the Middle East crisis and no significant cybersecurity incidents in the quarter.
Suzano S.A. furnished its corporate bylaws, detailing its purpose, capital structure and governance framework. The bylaws state share capital of BRL 24,269,281,424.63 divided into 1,264,117,615 common shares with no par value, and authorize further share issuance within a defined limit by the Board of Directors.
The document outlines board composition and duties, executive officer roles, audit bodies, dividend and reserve policies, and rules for tender offers when an investor reaches a 20% ownership threshold. It also requires certain disputes among shareholders, managers and the company to be resolved through arbitration at the Market Arbitration Chamber.
Suzano S.A. approved the distribution of additional dividends totaling R$5,627,858.70, equal to R$0.00455231 per share, out of net accumulated earnings for the fiscal year ended December 31, 2025.
The dividends will be paid in Brazilian currency by December 31, 2026 to shareholders of record at the end of the April 29, 2026 B3 trading session, with shares trading ex-dividend from April 30, 2026. Payment will follow banking details registered with Itaú Corretora for local shareholders and The Bank of New York Mellon procedures for ADR holders. The additional dividends may be subject to withholding income tax under Law No. 15,270/25 and other applicable rules.
Suzano S.A. held its annual and extraordinary shareholder meetings digitally, approving 2025 accounts, profit allocation, board elections and bylaw changes. Shareholders approved allocating R$670.4 million to the Legal Reserve, R$214.6 million to the Fiscal Incentives Reserve and R$10.13 billion to the Capital Increase Reserve.
Mandatory dividends of R$1.39 billion were approved, including R$1.38 billion already paid as interim dividends and R$5.63 million in additional dividends to be paid by December 31, 2026, based on holdings at April 29, 2026. The bylaws now set share capital at BRL 24.27 billion divided into 1,264,117,615 common shares and expand the corporate purpose to include mineral extraction, including basalt.
Shareholders fixed the Board of Directors at nine members, elected a single slate, confirmed four independent directors, installed a three-member Fiscal Council and approved up to R$136.28 million as total 2026 compensation for management and the Fiscal Council.
Suzano S.A. CEO Joao Alberto Fernandez de Abreu reported the conversion of restricted shares into common stock as part of equity compensation. On April 17, 2026, he converted 168.672 restricted shares into the same number of common shares on a one-for-one basis.
The reference price for the converted common shares was $47.53 per share, but the company notes this does not represent a market purchase by the CEO and reflects only a book-entry value. After these transactions, he holds 168,840.672 common shares and 232,651 restricted shares directly. The restricted stock carries a two-year vesting schedule, indicating this is routine compensation-related activity rather than open-market trading.