Suzano Papel e Celulose SA ADR (SUZ) financial statements

Basic Materials · Paper & Paper Products · Market cap $10.3B

Suzano Papel e Celulose SA ADR reported revenue of 50.1B BRL in fiscal 2025, up 19.8% a year over 9 years.

Net income was 13.4B BRL and the operating margin 21.2%, against 13.0% in 2016.

Free cash flow was 13.5B BRL, and the company returned 6M BRL in dividends and 192M BRL in net buybacks.

The diluted share count rose 13% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (BRL).

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<p style="font-size:13px">Source: <a href="https://investingly.io/stocks/SUZ/financials">Suzano Papel e Celulose SA ADR financials</a> on Investingly</p>

Income statement

Fiscal years, in BRL, from Suzano Papel e Celulose SA ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	9.8B BRL	10.6B BRL	13.4B BRL	26.0B BRL	30.5B BRL	41.0B BRL	49.8B BRL	39.8B BRL	47.4B BRL	50.1B BRL
Cost of revenue	6.6B BRL	6.5B BRL	6.9B BRL	20.7B BRL	19.0B BRL	20.6B BRL	24.8B BRL	25.1B BRL	27.4B BRL	33.9B BRL
Gross profit	3.3B BRL	4.1B BRL	6.5B BRL	5.3B BRL	11.5B BRL	20.3B BRL	25.0B BRL	14.7B BRL	20.0B BRL	16.2B BRL
Selling, general and admin	843M BRL	952M BRL	1.4B BRL	3.1B BRL	3.6B BRL	3.9B BRL	4.2B BRL	4.5B BRL	5.6B BRL	6.1B BRL
Operating income	1.3B BRL	3.3B BRL	5.0B BRL	2.6B BRL	8.4B BRL	18.2B BRL	22.2B BRL	12.2B BRL	15.7B BRL	10.6B BRL
Interest expense	1.2B BRL	1.2B BRL	1.5B BRL	4.2B BRL	4.5B BRL	4.2B BRL	4.6B BRL	4.7B BRL	5.5B BRL	6.9B BRL
Pre-tax income	2.4B BRL	2.3B BRL	165M BRL	-4.1B BRL	-17.6B BRL	8.8B BRL	28.7B BRL	18.0B BRL	-13.1B BRL	20.4B BRL
Income tax	719M BRL	439M BRL	-155M BRL	1.3B BRL	6.9B BRL	-197M BRL	-5.3B BRL	-3.9B BRL	6.1B BRL	-7.0B BRL
Net income	1.7B BRL	1.8B BRL	320M BRL	-2.8B BRL	-10.7B BRL	8.6B BRL	23.4B BRL	14.1B BRL	-7.1B BRL	13.4B BRL
EPS (diluted)	1.53 BRL	1.66 BRL	0.29 BRL	-2.09 BRL	-7.95 BRL	6.39 BRL	17.57 BRL	10.85 BRL	-5.59 BRL	10.82 BRL
Diluted shares	1.09B	1.09B	1.09B	1.35B	1.35B	1.35B	1.33B	1.30B	1.26B	1.24B
Gross margin	33.3%	38.6%	48.5%	20.3%	37.7%	49.7%	50.2%	36.9%	42.2%	32.4%
Operating margin	13.0%	31.0%	37.3%	10.1%	27.7%	44.4%	44.6%	30.7%	33.1%	21.2%
Net margin	17.1%	17.2%	2.4%	-10.8%	-35.2%	21.1%	46.9%	35.4%	-14.9%	26.8%

Balance sheet

Fiscal years, in BRL, from Suzano Papel e Celulose SA ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Cash and short-term investments	1.6B BRL	1.1B BRL	4.4B BRL	3.2B BRL	6.8B BRL	13.6B BRL	9.5B BRL	9.0B BRL	9.0B BRL	15.2B BRL
Receivables	—	2.3B BRL	2.5B BRL	3.0B BRL	2.9B BRL	6.5B BRL	9.6B BRL	6.8B BRL	9.1B BRL	6.6B BRL
Inventory	—	1.2B BRL	1.9B BRL	4.7B BRL	4.0B BRL	4.6B BRL	5.7B BRL	5.9B BRL	8.0B BRL	8.2B BRL
Total current assets	—	6.8B BRL	30.8B BRL	18.9B BRL	18.0B BRL	34.1B BRL	37.1B BRL	38.6B BRL	42.2B BRL	43.9B BRL
Property, plant and equipment	17.0B BRL	16.2B BRL	17.0B BRL	41.1B BRL	39.2B BRL	38.2B BRL	50.7B BRL	59.3B BRL	65.0B BRL	64.3B BRL
Goodwill	—	45M BRL	158M BRL	161M BRL	236M BRL	232M BRL	233M BRL	229M BRL	225M BRL	29M BRL
Total assets	29.4B BRL	28.5B BRL	53.9B BRL	97.9B BRL	101.8B BRL	119.0B BRL	133.2B BRL	143.6B BRL	165.9B BRL	167.9B BRL
Total current liabilities	—	3.7B BRL	6.1B BRL	11.5B BRL	8.2B BRL	11.6B BRL	14.5B BRL	14.8B BRL	24.5B BRL	13.8B BRL
Long-term debt	—	10.1B BRL	32.3B BRL	57.5B BRL	70.9B BRL	76.0B BRL	71.2B BRL	72.4B BRL	90.9B BRL	91.8B BRL
Total liabilities	19.2B BRL	16.9B BRL	41.9B BRL	79.8B BRL	94.5B BRL	103.8B BRL	100.0B BRL	98.8B BRL	133.5B BRL	124.0B BRL
Shareholders' equity	10.1B BRL	11.6B BRL	12.0B BRL	18.0B BRL	7.2B BRL	15.1B BRL	33.1B BRL	44.7B BRL	32.3B BRL	43.8B BRL
Net debt	-1.6B BRL	11.1B BRL	31.4B BRL	60.4B BRL	66.1B BRL	66.0B BRL	65.1B BRL	68.8B BRL	92.4B BRL	79.6B BRL

Cash flow

Fiscal years, in BRL, from Suzano Papel e Celulose SA ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	3.1B BRL	3.1B BRL	5.2B BRL	7.6B BRL	13.1B BRL	17.6B BRL	21.6B BRL	17.3B BRL	20.6B BRL	18.2B BRL
Capital spending	898M BRL	868M BRL	1.3B BRL	2.0B BRL	1.5B BRL	2.4B BRL	9.9B BRL	11.8B BRL	9.4B BRL	4.7B BRL
Free cash flow	2.2B BRL	2.2B BRL	3.9B BRL	5.6B BRL	11.6B BRL	15.2B BRL	11.8B BRL	5.5B BRL	11.3B BRL	13.5B BRL
Stock-based compensation	3M BRL	34M BRL	132M BRL	47M BRL	157M BRL	100M BRL	—	—	—	—
Dividends paid	300M BRL	571M BRL	210M BRL	607M BRL	—	10M BRL	4.2B BRL	193M BRL	—	6M BRL
Share buybacks (net)	—	-83,000 BRL	—	—	—	—	-1.9B BRL	-881M BRL	-2.8B BRL	-192M BRL
Net borrowing	5.7B BRL	2.6B BRL	25.6B BRL	19.0B BRL	14.8B BRL	17.0B BRL	1.3B BRL	10.9B BRL	15.7B BRL	23.9B BRL
Free cash flow margin	22.1%	20.8%	29.1%	21.4%	38.1%	37.1%	23.6%	13.9%	23.7%	26.9%
Dividends per share	0.27 BRL	0.52 BRL	0.19 BRL	0.45 BRL	—	0.01 BRL	3.12 BRL	0.15 BRL	—	0.00 BRL

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Questions

What was Suzano Papel e Celulose SA ADR's revenue in 2025?

50.1B BRL in fiscal 2025, from its 10-K filing.

How much free cash flow does Suzano Papel e Celulose SA ADR generate?

13.5B BRL in fiscal 2025 (operating cash flow minus capital spending).

From Suzano Papel e Celulose SA ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.