Brazil's Suzano posts 23% fall in Q2 core profit on lower pulp sales (updated)

Suzano SA

13/08/2026 24:17

Recasts with details, context
By Fernando Cardoso
SAO PAULO, Aug 12 (Reuters) - Brazilian pulp maker Suzano SUZB3.SA posted a 23% decline in its second-quarter core profit and missed market estimates, as a lower sales volume for its key product more than offset favourable higher prices.
Suzano, the world's largest producer of pulp, reported a core profit, or adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), of 4.71 billion reais ($907.4 million) in the April-June period.
Analysts polled by LSEG had the key indicator at 5.05 billion reais.
The firm attributed the results to a drop in volume sales of pulp, which represent about 76% of its total revenue, and paper, along with a local currency appreciation that eroded the value of its dollar-denominated exports.
"Compared to the same period in 2025, the sharp appreciation of the currency, combined with a decline in volume and higher costs, explains the negative change," the company said in its earnings report.
Suzano's pulp sales dropped 11% in the quarter to 2.9 million metric tons, while the net average price per ton rose 8%, bringing the segment's net revenue to 8.76 billion reais, down 15% from a year earlier.
While Suzano's pulp unit continues to make up the bulk of its business, its paper segment also weighed on quarterly performance, as sales fell 1% to some 406,000 tons, driving net revenue down 6% to 2.83 billion reais.
Suzano's second-quarter total net revenue decreased 13% to 11.59 billion reais, below analysts' forecast of 12.13 billion reais, while its net profit dropped 64% to 1.81 billion reais.
Despite the struggles, the firm said that recent geopolitical tensions and cost pressures did not affect the resilience of the global pulp market.

($1 = 5.1907 reais)

 (Reporting by Fernando Cardoso; Editing by Chris Reese and Jacqueline Wong)
 ((fernando.cardoso@thomsonreuters.com;))