Suzano (SUZ) said in a regulatory filing released on Wednesday that it maintains its fiscal 2025 capital expenditures estimate of 13.3 billion Brazilian reais ($2.46 billion).
The pulp maker said it has also approved a capital expenditure estimate for fiscal 2026 of 10.9 billion reais.
Suzano said the reduction in fiscal 2026 expenditures compared to fiscal 2025 is driven mostly by "lower investment intensity associated with the projects announced."