SAO PAULO, Aug 12 (Reuters) - Brazilian pulp maker Suzano

posted a 23% decline in its second-quarter core

profit and missed market estimates, as a lower sales volume for

its key product more than offset favourable higher prices.

Suzano, the world's largest producer of pulp, reported a

core profit, or adjusted earnings before interest, taxes,

depreciation and amortization (EBITDA), of 4.71 billion reais

($907.4 million) in the April-June period.

Analysts polled by LSEG had the key indicator at 5.05

billion reais.

The firm attributed the results to a drop in volume sales of

pulp, which represent about 76% of its total revenue, and paper,

along with a local currency appreciation that eroded the value

of its dollar-denominated exports.

"Compared to the same period in 2025, the sharp appreciation

of the currency, combined with a decline in volume and higher

costs, explains the negative change," the company said in its

earnings report.

Suzano's pulp sales dropped 11% in the quarter to 2.9

million metric tons, while the net average price per ton rose

8%, bringing the segment's net revenue to 8.76 billion reais,

down 15% from a year earlier.

While Suzano's pulp unit continues to make up the bulk of

its business, its paper segment also weighed on quarterly

performance, as sales fell 1% to some 406,000 tons, driving net

revenue down 6% to 2.83 billion reais.

Suzano's second-quarter total net revenue decreased 13% to

11.59 billion reais, below analysts' forecast of 12.13 billion

reais, while its net profit dropped 64% to 1.81 billion reais.

Despite the struggles, the firm said that recent

geopolitical tensions and cost pressures did not affect the

resilience of the global pulp market.

($1 = 5.1907 reais)