- Net revenue in the fourth quarter of 2024 (4Q24) was 17% higher than in 4Q23, totaling R$5.268 billion. In 2024, net revenue grew by 9% from 2023, totaling R$19.645 billion.
- The Company disclosed the guidance for total cash cost and investments for the year, emphasizing the predictability of Klabin's business model.
- Leverage in US$ was 3.9x in 4Q24, in line with 3Q24 and consistent with the Company's Debt Policy.
- Adjusted EBITDA (excluding non-recurring effects) in 4Q24 was 13% higher than in 4Q23. In 2024, Adjusted EBITDA came to R$7.333 billion, 17% higher than in 2023.
- In total, the Company distributed R$1.5 billion as dividends in 2024, resulting in a yield of 6.2%.

 

São Paulo, February 26, 2025 – Klabin, Brazil's largest producer and exporter of packaging paper and sustainable solutions in paper packaging and the country’s only company to offer solutions in hardwood pulp, softwood pulp and fluff pulp, ended the fourth quarter of 2024 with Adjusted EBITDA (excluding non-recurring effects) of R$1,823 billion, an increase of 13% compared to the fourth quarter of 2023. In 2024, Adjusted EBITDA amounted to R$7.333 billion, 17% higher than in 2023. This result reflects the solid performance of all Klabin's businesses, driven by the capture of synergies from the Caetê Project.

 

Total net revenue amounted to R$5.268 billion in 4Q24, 17% higher than in 4Q23. This growth is a result of strong performance across all business segments, driven by increases in prices and sales volume. Total sales volume excluding wood came to 1.016 million metric tons in 4Q24, 6% higher than in 4Q23. The paper and packaging businesses stood out in terms of performance, benefited by the ramp-up in production volumes and market recovery of containerboard and recycled materials operations. Additionally, the corrugated board segment advanced due to improved consumption indicators and favorable exposure to resilient sectors. In 2024, net revenue was R$19.645 billion, an increase of 9% compared to 2023.  Total sales volume (excluding wood) was 3.870 million metric tons in 2024, growing 6% in relation to 2023.

 

Total cash cost per metric ton and capital expenditures (Capex) ended 2024 within the public projections that the Company communicated to the market throughout the year, underscoring the predictability of Klabin's business model.

 

The Company ended the year with stable leverage compared to 3Q24 and within the parameters established by the Company's Debt Policy.  

 

The results reported in 2024 reflect Klabin's successful, integrated, diversified and flexible business model. Over the last year, the Company distributed R$1.5 billion as dividends, which represents 6.2% of dividend yield.
 
Sustainability 
In 2024, Klabin was included for the fifth consecutive year in the global portfolio of the Dow Jones Sustainability Index and returned to the emerging markets portfolio. The Company has also received approval from the Science Based Targets initiative (SBTi)  for its updated targets for greenhouse gas (GHG) reduction, aiming for a 42% reduction in emissions from scopes 1 and 2 and an additional 42% reduction exclusively for scope 3 emissions by 2030.

 

The long-term decarbonization target (net-zero) has also become more ambitious, now with the commitment to reduce, by 2050, absolute GHG emissions from scopes 1 and 2 by 90%, and a further 90% reduction in scope 3 emissions. All targets now consider 2022 as the baseline year for the calculation.

 

Events after the reporting period

Plateau Project
On February 3, 2025, Klabin announced to the market the receipt of the first installment of the advanced monetization of land from the Caetê Project, amounting to R$800 million, marking the completion of the Plateau Project. The contribution of the second installment, corresponding to R$1.0 billion, subject to potential adjustments under the terms of the contracts, is expected for the second quarter of 2025.

 

NCE prepayment
As disclosed in the Notice to the Market released on February 12, 2025, the Company made the prepayment of an Export Credit Note (NCE), which was originally due in May 2026. The prepayment amount was R$1.6 billion, encompassing the total financing amount and the settlement of the swap linked to the NCE. This transaction reinforces Klabin's ongoing debt management efforts.

 

[¹]  The target boundaries include emissions and removals related to the production and use of raw materials for bioenergy. The target considers emissions from energy and industry (E&I) and excludes Forest, Land and Agriculture (FLAG) emissions. The Company will include these emissions in a FLAG target as soon as the methodology for the timber and wood fiber sector is available.