Recent Updates — SUZ
Suzano S.A. entered into an agreement with Imetame Group to acquire a 10% equity stake in Imetame Logística Porto S.A., the entity developing a greenfield port project in Aracruz, Brazil. The acquisition is funded through the contribution of land owned by Suzano, requiring no capital expenditures for 2026 and not materially affecting its capital structure. The port hub will feature five specialized terminals, with general cargo operations expected to begin in early 2027 and a container terminal with 1.2 million TEUs capacity starting mid-2028. Closing is subject to regulatory approval. Suzano S.A. operates in the pulp and paper industry.
Suzano S.A. reported second quarter 2026 results showing Adjusted EBITDA of R$4.7 billion and Adjusted Free Cash Flow of R$3.3 billion, driven by higher pulp prices and volumes in Brazilian operations. Net debt stood at US$1.0 billion with leverage at 3.4x. The company operates in the forestry, pulp, and paper industry.
Suzano S.A. reported second quarter 2026 results with net revenue of R$11.6 billion and adjusted EBITDA of R$4.7 billion. Pulp sales volume declined 11% year-over-year to 2,897 thousand tonnes, while paper sales fell 1%. Net income dropped 64% to R$1.8 billion due to lower financial results and higher costs. Leverage stood at 3.4 times in US dollars. The company completed the acquisition of a 51% stake in a Kimberly-Clark joint venture for US$1.3 billion on July 1, 2026. Suzano S.A. is one of the world's largest integrated pulp and paper producers.
Suzano S.A. announced that Mr. Aires Galhardo resigned as Executive Vice President of Pulp Industrial Operations, Engineering and Energy, effective August 28, 2026. The Board appointed current Executive Vice President Carlos Aníbal Fernandes de Almeida Júnior to succeed him, with his new role also encompassing Procurement, Certification Strategy, and leadership of Futuragene. Mr. Galhardo departs after more than 21 years of service at the company. Suzano operates in the pulp and paper industry.