Suzano Q3 net debt rises 15% to USD 14.7 billion
SUZ•Suzano’s net debt rose 15% quarter-on-quarter to USD 14.7 billion at September 30, 2026, driven by the Arbex acquisition. Dollar-based net leverage reached 3.7 times adjusted EBITDA, or 3.4 times including Arbex’s trailing 12-month earnings on a pro forma basis.
1. Debt and leverage
Suzano’s net debt rose 15% quarter-on-quarter to USD 14.7 billion at September 30, 2026, driven by the Arbex acquisition. Dollar-based net leverage reached 3.7 times adjusted EBITDA, or 3.4 times including Arbex’s trailing 12-month earnings on a pro forma basis.
