Suzano S.A. Reports Q3 2026 Growth Driven by Arbex Acquisition and Higher Pulp Prices
Suzano S.A. (SUZ) reported strong third-quarter 2026 results, characterized by a significant sequential increase in net revenue to BRL 16.5 billion. This growth was primarily driven by the consolidation of Arbex operations, which contributed BRL 694 million to adjusted EBITDA and fueled a massive 351% sequential jump in consumer goods sales volume. The company saw pulp sales volumes rise 8% to 3.2 million tons, supported by increased demand from Asian markets and an average export price of $591 per ton. While operational efficiencies helped lower pulp production cash costs slightly, the company revised its full-year 2026 cash cost guidance upward to BRL 825 per ton due to persistent energy and commodity price pressures linked to Middle East conflicts. Despite a 15% increase in net debt following the Arbex acquisition, Suzano maintains a stable pro forma leverage of 3.4x. Management expects to reduce net debt to under $14 billion by year-end 2026, supported by strong seasonal free cash flow projections.
Tickers: $SUZ
Topics: acquisition integration cash cost guidance EBITDA net income pulp prices revenue growth