Suzano S.A. (SUZ) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for holding and welcome to Suzano's conference call to discuss the results for the third quarter of 2025. We would like to inform that all participants will be in a listen-only mode during the presentation that will be addressed by the CEO, Mr. Beto Abreu, and other executive officers. This call will be presented in English, with simultaneous of marketable production today is operating underwater. 801 reais per ton, making a 4% decrease compared to the second quarter. The most significant driver of this reduction was the lower cost, the lower wood cost, mainly to improve the wood quality, resulting in a lower specific consumption, and the operational efficiencies in harvesting and logistics. Additional contributing factors included lower consumption and price of key inputs, such as caustic soda, chlorine dioxide, and lime, reduced energy costs, especially for natural gas, driven by the decline in the branch price, and FX appreciation, which lowered the cost of dollar-denominated inputs in local currencies. When we compare our cash cost to the third quarter in 2024, the cash cost decreased 7%, reflecting gains from operational efficiency, input cost reductions, and scale. The key highlight was the broad contribution of the Rebus unit, which supported improvements across all cash cost components. The highlights of improved performance were water costs, which saw the most significant reduction driven by shorter average ratios, better performance on the field, and a lower diesel price, which scale gains also helping dilute indirect costs, and lower input consumption. especially caustic soda and full oil, supported by operation improvements and fuel to gas conversion in the lime kilns at the Ribas and Imperatriz mills. Looking ahead, we are...