Suzano reports record R$16.5 billion Q3 revenue after Arbex consolidation
Key points
- Suzano (NYSE:SUZ) reported third-quarter 2026 revenue of R$16.5 billion, up 36% year over year and a quarterly record.
- Adjusted EBITDA increased 9% to R$5.7 billion, operating cash generation rose 12% to R$3.8 billion, and net income reached R$2.1 billion.
- The consolidation of Arbex, its 51%-owned joint venture with Kimberly-Clark, expanded Suzano's consumer goods operations and international revenue base.
Suzano (NYSE:SUZ) reported third-quarter 2026 net revenue of R$16.5 billion, up 36% year over year, following the consolidation of its Arbex joint venture with Kimberly-Clark.
The revenue increase reflects the inclusion of Arbex's contribution for the first time, following the establishment of the joint venture in July 2026, with Suzano holding a 51% ownership interest.
Adjusted EBITDA increased 9% to R$5.7 billion, while operating cash generation rose 12% to R$3.8 billion and net income reached R$2.1 billion.
Net leverage ended the quarter at 3.7 times, or 3.4 times using Arbex's pro forma trailing 12-month adjusted EBITDA.
Suzano expects its reported leverage ratio to progressively reflect Arbex's accumulated earnings, with full incorporation expected by the end of the second quarter of 2027.
Suzano produces market pulp, paper, packaging materials and consumer hygiene products, serving industrial customers and consumers across international markets.
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