SÃO PAULO (News release) -- Suzano, the world's largest pulp producer, announces its results for both the final quarter (4Q25) and the full year (2025), reporting record annual sales volumes and net revenue. The company also reported an improvement in its cash cost of pulp production, reflecting the drive for improved operational efficiency.

Pulp and paper sales reached 14.2 million tonnes, a 15% increase compared to 2024. This performance was driven primarily by the strong operational contribution of the Ribas do Rio Pardo pulp mill, which began production in July 2024, and the company's paper mills in the United States. As a result, Suzano's full‑year net revenue reached a record R$50 billion in 2025.

The company's consistent focus on efficiency and cost discipline also contributed to a meaningful reduction in the cash cost of pulp production. Excluding downtime, the annual cash cost was R$817 per tonne, reaching its lowest annual level since 2021.

Operational efficiency also helped Suzano deliver operating cash generation of R$13.9 billion in 2025, despite less supportive global market price conditions. Adjusted EBITDA totalled R$21.7 billion, and net income closed the year at R$13.4 billion.

Suzano's net leverage in U.S. dollars ended December 2025 at 3.2 times, down from 3.3 times in the third quarter.

"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.