Slide 1: Earnings Presentation 1Q26
ri.klabin.com.br Earnings Presentation 1Q26
Slide 2: Disclaimer
ri.klabin.com.br 1Q26 Earnings Presentation 2 DISCLAIMER This presentation may contain forward-looking projections or statements. Such statements are exposed to known and unknown risks and different nature uncertainties that may cause these expectations not to materialize or to differ materially fro
Slide 3: 1Q26 Performance
ri.klabin.com.br 1Q26 Earnings Presentation 3 1Q26 PERFORMANCE Pulp SHORT FIBER Total 1,016 401 29% 290 k tons Sales¹ k tons Net k tons R$ 4.9 bn LONG FIBER/FLUFF 111 k tons 11% Revenue³ Conversion² (Integration) Paper - Market COATED BOARD CORRUGATED 356 195 k tons 19% BOXES k tons KRAFTLINER 16% A
Slide 4: 1Q26 Results
ri.klabin.com.br 1Q26 Earnings Presentation 4 1Q26 RESULTS FX Net revenue reaches R$ 4.9 billion in 1Q26, reflecting volume growth across all R$ / US$ 1Q26 1Q25 businesses. EBITDA of R$ 1.7 billion impacted by the appreciation of the Brazilian Average dollar 5.26 5.85 real against the U.S dollar and
Slide 5: Total Cash Cost
ri.klabin.com.br 1Q26 Earnings Presentation 5 TOTAL CASH COST Total cash cost of R$3,342/t, reflecting improvements in variable costs and G&A, offsetting the impact of the scheduled general maintenance shutdown and the higher fiber cost in the quarter. 0% (R$ per ton) +1% 3,342 3,300 Cost of Goods S
Slide 6: Net Debt and Leverage
ri.klabin.com.br 1Q26 Earnings Presentation 6 NET DEBT AND LEVERAGE Maintenance of the leverage level in US$ compared to 4Q25. Position on 03/31/2026 (R$ billion) Gross Debt 32.9 Cash¹ 8.9 Net Debt 24.0 4.5 4.1 4.0 3.9 3.5 3.5 3.6 3.3 3.2 3.3 3.9 3.9 3.9 3.3 2.6 2.8 3.5 3.7 3.2 3.2 3.2 3.3 3.3 3.1 2
Slide 7: Amortization Schedule
ri.klabin.com.br 1Q26 Earnings Presentation 7 AMORTIZATION SCHEDULE Robust liquidity position and extended debt profile, with no significant maturities in the short term In months 1Q26 4Q25 1Q25 R$ million Average Debt Maturity 85 85 88 11,495 Cost of Debt in US$ (p.y.) 5.1% 5.2% 5.7% Revolving Cred
Slide 8: Free Cash Flow
ri.klabin.com.br 1Q26 Earnings Presentation 8 FREE CASH FLOW LTM LTM R$ million 1Q26 4Q25 1Q25 1Q26 1Q25 Adjusted EBITDA 1,669 1,832 1,859 7,658 7,539 (-) Capex¹ (839) (1,024) (605) (3,066) (9,395) (-) Lease contracts - IFRS 16 (74) (82) (93) (327) (365) (-) Interest Paid/Received (422) (639) (472)
Slide 9: Shareholder Remuneration
ri.klabin.com.br 1Q26 Earnings Presentation 9 SHAREHOLDER REMUNERATION R$ million considering cash method Dividend 5.3% 5.2% Yield¹ Dividends 1Q26²: R$ 278 million (17% EBITDA) 1,215 1,181 Dividends and IoC Policy³: Target between 10% and 20% of Adjusted EBITDA Interim dividends² approved on Decembe
Slide 10: Market Thermometer
ri.klabin.com.br 1Q26 Earnings Presentation 10 MARKET THERMOMETER DEMAND SALES PRICE¹ (MARKET) VOLUME Negative Trend Neutral Trend Positive Trend SHORT FIBER PULP FLUFF COATED BOARD PAPER KRAFTLINER CORRUGATED BOXES PACKAGING INDUSTRIAL BAGS 1 – Prices in US dollars for pulp and paper, based on an a
Slide 11: Appendix
Appendix
Slide 12: Pulp
ri.klabin.com.br 1Q26 Earnings Presentation 12 PULP Increase in volume and maintenance of a high spread between fiber types. Emphasis on long fiber and fluff sales, contributing to greater revenue resilience and margin expansion throughout the cycle. SHORT FIBER LONG FIBER/FLUFF Sales Volume Net Pri
Slide 13: Paper
ri.klabin.com.br 1Q26 Earnings Presentation 13 PAPER 15% increase in total sales volume and 8% growth in paper revenue in 1Q26 versus 1Q25, reflecting the improvement in containerboard in the export market, driven by a strategy of entering new markets and enhancing machine profitability, as well as
Slide 14: Corrugated Boxes
ri.klabin.com.br 1Q26 Earnings Presentation 14 CORRUGATED BOXES 9% growth in the net revenue versus 1Q25, reflecting a commercial strategy focused on resilient segments, with annual sales volume growth above the Brazilian market (Empapel) and price increases above inflation. Sales Volume Net Revenue
Slide 15: Klabin.SA
@klabin.sa Klabin.SA @bioklabin @klabinforyou Klabin.SA Klabin.SA klabin.sa Klabin.SA klabinforyou Klabin Invest invest@klabin.com.br ri.klabin.com.br/ invest@klabin.com.br ri.klabin.com.br/