Slide 1: Earnings Presentation 2Q26
ri.klabin.com.br Earnings Presentation 2Q26
Slide 2: Disclaimer
ri.klabin.com.br 2Q26 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: 2Q26 Performance
ri.klabin.com.br 2Q26 Earnings Presentation 3 2Q26 PERFORMANCE Pulp SHORT FIBER Total 1,018 26% 386 264 k tons Sales¹ k tons Net k tons R$ 5.2 bn LONG FIBER/FLUFF 121 k tons 12% Revenue³ Conversion² (Integration) Paper COATED BOARD CORRUGATED 359 214 k tons 21% BOXES k tons KRAFTLINER 14% Adjusted 1
Slide 4: 2Q26 Results
ri.klabin.com.br 2Q26 Earnings Presentation 4 2Q26 RESULTS FX Adjusted EBITDA of R$2.0 billion in 2Q26, reflecting the consistent performance R$ / US$ 2Q26 2Q25 across business segments and disciplined cost management, despite the Average dollar 5.05 5.67 appreciation of the Brazilian real against t
Slide 5: Total Cash Cost
ri.klabin.com.br 2Q26 Earnings Presentation 5 TOTAL CASH COST¹ Total cash cost of R$3,204/t, stable compared to 2Q25, reflecting efficiency initiatives that partially offset the impacts arising from geopolitical conflicts and preparations for El Niño. 1% -4% 3,204 3,342 Operational efficiency sustai
Slide 6: Net Debt and Leverage
ri.klabin.com.br 2Q26 Earnings Presentation 6 NET DEBT AND LEVERAGE Leverage (in US$) at 3.2x, down 0.1x compared to 1Q26 and 0.7x versus 2Q25. Position on 06/30/2026 (R$ billion) Gross Debt 34.1 Cash¹ 10.1 Net Debt 24.0 4.5 4.1 4.0 3.9 3.5 3.5 3.6 3.2 3.3 3.9 3.9 3.9 3.3 3.3 3.2 2.8 3.5 3.7 3.2 3.2
Slide 7: Amortization Schedule
ri.klabin.com.br 2Q26 Earnings Presentation 7 AMORTIZATION SCHEDULE 2Q26 1Q26 2Q25 Robust liquidity position and extended debt profile, with no significant In months maturities in the short term. Average Debt Maturity 84 85 86 R$ million Cost of Debt in US$ (p.y.) 5.1% 5.1% 5.4% 12,697 -0.3 p.p. Rev
Slide 8: Free Cash Flow
ri.klabin.com.br 2Q26 Earnings Presentation 8 FREE CASH FLOW LTM LTM R$ million 2Q26 1Q26 2Q25 2Q26 2Q25 Adjusted EBITDA 1,962 1,669 2,041 7,579 7,529 (-) Capex (657) (839) (649) (3,074) (9,186) (-) Lease contracts - IFRS 16 (86) (74) (96) (317) (370) (-) Interest Paid/Received (641) (422) (652) (1,
Slide 9: Shareholder Returns
ri.klabin.com.br 2Q26 Earnings Presentation 9 SHAREHOLDER RETURNS DIVIDENDS SHARE BUYBACK PROGRAM4 R$ million considering cash method Focus on generating shareholder value through the efficient management of the capital structure and Dividend management’s confidence in the strength of the Yield¹ 5.3
Slide 10: Market Thermometer
ri.klabin.com.br 2Q26 Earnings Presentation 10 MARKET THERMOMETER DEMAND SALES (MARKET) PRICES¹ Negative Trend Neutral Trend Positive Trend VOLUME 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
Slide 11: Appendix
Appendix
Slide 12: Pulp
ri.klabin.com.br 2Q26 Earnings Presentation 12 PULP Strategic volume allocation, capturing opportunities across regions and markets throughout the period. Prices increased by 11% for short fiber pulp and 7% for long fiber/fluff pulp in USD/ton, compared to 1Q26. SHORT FIBER LONG FIBER/FLUFF Sales Vo
Slide 13: Paper
ri.klabin.com.br 2Q26 Earnings Presentation 13 PAPER Sales volumes increased, driven by the performance of the coated board segment (+7% versus 2Q25). In containerboard, the Company leveraged its operational flexibility to increase integration with the corrugated boxes business. COATED BOARD CONTAIN
Slide 14: Corrugated Boxes
ri.klabin.com.br 2Q26 Earnings Presentation 14 CORRUGATED BOXES Sales volume reached 239 thousand tons, in line with the same period of the previous year, reflecting the strong comparison base of 2Q25 and revenue increased driven by higher prices. Sales Volume Net Revenue (k ton) (million m²) (R$ mi
Slide 15: Klabin contact and social media
@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/