Earnings Results
1Q25 RECURRING NET INCOMER$ million
Adjusted and Recurring Net Income
- LD Celulose 84
CONSOLIDATED NET REVENUEMARGIN
ADJUSTED AND RECURRING EBITDA PRO FORMA22.8 % 18.2%
79%
20%
1%
611
-31
27
-41
125
(4)
1Q24 1Q25
Tiles
1.935 | 1.903 | |
11% | 11% | |
20% | 22% | |
69% | 68% | |
1Q24 | 1Q25 |
Metals and San. Ware LD Celulose
Wood
554
57%
1%
43%
1Q24 1Q25
CASH FLOW
R$ million / %
FCL Sustaining Working Capital
FINANCIAL LEVERAGE
R$ million / x
Net Debt / Adjusted and Recurring EBITDA UDM
5,224 5,215
5,364
CAPEX
R$ million
-143
-41.3%
-245
-117
-26.4%
-340
Cash Convertion Ratio
4,922
3.32x
3.46x
3.10x
4,973
3.01x
3.45x
Investments | 1Q24 | 1Q25 |
FORESTRY OPEX | 116 | 120 |
MAINTENANCE | 44 | 42 |
CAPEX Sustaining¹ | 160 | 161 |
EXPANSION PROJECTS | 135 | 160 |
1Q24 1Q25
1Q24 2Q24 3Q24 4Q24 1Q25
1- Maintenance, industrial modernization, and business sustainability.
WOOD
VOLUME000 m3
EBITDA*/MARGINR$ million
LD CELULOSE
EBITDA*/MARGINR$ million
NET INCOMER$ million
759
-5%
720
-20%
33.0%
439 350
27.2%
+135%
23138.8%
54264.2%
-62
-507%
252
1Q24 1Q25
SALES SEGMENTATION | %0%
1Q24 1Q25
1Q24 1Q25
1Q24 1Q25
13%
34%
53%
Furniture Industry Resale
Foreign Market
Civil Construction/
Others
85%Capacity Utilization
RESULT REFERRING TO 100% OF THE OPERATION
METALS AND SAN. WARE TILES VOLUME000 pieces
-8%
EBITDA*/MARGINR$ million
VOLUME000 m2
+2%
EBITDA*/MARGINR$ million
4,278
3,933
-0.4%
-2
8
2.0%
3,986 4,056
4
1.9%
-6.2%
-12
1Q24 1Q25
SALES SEGMENTATION | %4%
1Q24 1Q25
1Q24 1Q25
SALES SEGMENTATION | %1Q24 1Q25
Retail
10% Specialized Stores
13%
18%
29%
36%
Specialized Stores Civil Construction Home Center
Foreign Market/ Others
65%Capacity Utilization
8%
19%
23%
40%
Civil Construction Home Center
Foreign Market/ Others Retail
63%Capacity Utilization
*Adjusted and recurring
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