Suzano reported its results for the fourth quarter of 2025 and for the full year 2025, highlighting record annual sales volumes and net revenue alongside continued improvements in operational efficiency. The company said performance was supported by higher shipment volumes and a lower cash cost of pulp production, despite a less favourable pricing environment in global pulp markets during the year.
Total pulp and paper sales reached 14.2 million tonnes, representing a 15% increase compared with 2024. The result was mainly driven by the operational ramp-up of the Ribas do Rio Pardo pulp mill, which started production in July 2024, as well as contributions from the company’s paper mills in the United States. As a result, Suzano reported full-year net revenue of R$50 billion in 2025, described as a record level.
The company also reported progress on cost discipline and efficiency measures. Excluding downtime, Suzano stated that its annual cash cost of pulp production was R$817 per tonne, marking its lowest annual level since 2021.
Operational performance and efficiency initiatives supported cash generation during the year. Suzano reported operating cash generation of R$13.9 billion in 2025, while adjusted EBITDA totalled R$21.7 billion and net income reached R$13.4 billion.
“We remain focused on operational efficiency, cost management, and cash generation. Amid challenging market conditions in 2025, with pulp prices trading below historic averages, these results reflect the consistency and discipline of our execution, aimed to further scale our market competitiveness,” said Beto Abreu, CEO of Suzano.
