Suzano has released its results for Q3 2026, which for the first time include Arbex, the joint venture between Suzano and Kimberly-Clark established in July this year. Driven primarily by the consolidation of Arbex’s contribution, Suzano reported net revenue of BRL16.5 bn, an increase of 36% on the same period last year and a new quarterly record in the company’s 102-year history.
Adjusted EBITDA totaled R$5.7 bn in Q3, up 9% on the same basis of comparison. Operating cash generation reached R$3.8 bn, an increase of 12%. Net income totalled R$2.1 bn.
As announced following the completion of the transaction with Kimberly-Clark, Suzano holds a 51% equity interest in Arbex and will therefore fully consolidate the joint venture’s financial statements from this quarter onwards.
“This quarter marks the beginning of a new phase for Suzano. With Arbex, we are now a broader business, both geographically and across our product portfolio. This balance, combined with our continued focus on competitiveness, further strengthens Suzano and reinforces our long-term positioning. Our priority remains to execute our strategy with discipline and turn the opportunities ahead into sustainable value for our stakeholders,” said Beto Abreu, CEO, Suzano.
During the quarter, Suzano sold 3.2 million tonnes of pulp. In the Paper and Packaging segment, sales totalled 374 thousand tonnes. The Consumer Goods business unit, which now incorporates Arbex sales in addition to Suzano’s operations in Brazil, sold 299 thousand tonnes during the period.
With Arbex, Suzano is expanding its international presence and diversifying its revenue base. In Q3, the Consumer Goods business unit reported net revenue of R$5.0 bn, of which R$4.2 bn reflects sales in international markets, adjusted EBITDA of R$803m and operating cash generation of R$609m.
