KLBN3: quote, dividends and indicators for Klabin

Klabin S.A. is a Brazilian publicly traded company, with common and preferred shares listed on B3 under the tickers KLBN3, KLBN4 and KLBN11, and a history that began in 1899 in the city of São Paulo. It was founded by the Klabin-Lafer family to operate in the trade of stationery products, office supplies and printing services, and entered paper production a few years later by leasing a printing paper mill. In 1909, Companhia Fabricadora de Papel was incorporated, and in the following decades it became one of the largest paper producers in the country. The move toward industrial integration gained momentum with the 1934 acquisition of Fazenda Monte Alegre, in the state of Paraná, where the first integrated pulp and paper mill in Brazil, IKPC, was installed. From then on, the company developed a structured planted-forest plan, initially with araucaria and eucalyptus and later with pine, forming the basis for its expansion in paper, corrugated board and, later, industrial sacks. The IPO took place in 1979, and in 2001 the company became a corporation with an increasing focus on paper and packaging.

Klabin’s business structure is integrated across the entire chain, from forestry to conversion into ready-to-use packaging. Its corporate purpose covers the industrial and commercial exploitation of pulp, paper, paperboard, packaging, wood and forest products, as well as forestry, agriculture, power generation and trading, transportation and interests in other companies. The company organizes its operations into four segments: Forestry, Pulp, Paper and Packaging. In 2025, net operating revenue totaled R$ 20.7 billion, with 3% from the Forestry segment, 28% from Pulp, 33% from Paper and 36% from Packaging, reflecting the relevance of conversion operations. Gross revenue reached R$ 23.8 billion in the same year, and exports accounted for 37% of net revenue, indicating a combined domestic and international footprint.

Its own forest base is one of the pillars of Klabin’s integrated model, supporting pulp and paper production. The company holds around 910 thousand hectares of forests, of which 462 thousand hectares are productive for planting pine and eucalyptus, 373 thousand hectares are preserved native forests and 75 thousand hectares are allocated to other uses, such as roads, ecological corridors and improvements. These areas are located in the states of São Paulo, Paraná and Santa Catarina and are certified by international organizations such as FSC and PEFC, which attest to responsible forest management practices. The Forestry Unit produces wood from planted forests and primarily supplies the company’s own mills, with part of the log production sold to third parties such as sawmills and veneer mills. The planting, management and harvesting cycle is planned according to the characteristics of eucalyptus and pine, with cutting age varying by intended use of the wood, and incorporates practices for conserving soil, water and biodiversity, as well as engagement with neighboring communities.

At the industrial stage, Klabin operates integrated pulp, paper and packaging units. The Pulp Unit, particularly the Puma complex in Ortigueira (PR), produces bleached short-fiber pulp (eucalyptus), long-fiber pulp (pine) and long-fiber fluff pulp. The company is the only one in Brazil to simultaneously produce these three types of pulp, which serve tissue, graphic, specialty and packaging paper markets and are also used as inputs in hygiene and personal care products such as diapers and sanitary pads. The MC25 and MC26 machines, located at the Puma I Unit, have a combined installed capacity of 1.44 million tons per year of pulp in short-fiber, long-fiber and fluff configurations. In paper, Klabin produces virgin containerboard, coated paperboard and high-value recycled containerboard, using its own pulp and recovered paper. The portfolio includes kraftliner made with 100% virgin pine and eucalyptus fibers, paperboard lines with different fiber combinations to meet stiffness, structure and printing requirements, and recycled products such as Ekoflute and Ekoliner, mainly intended for the corrugated board value chain.

The Packaging segment complements the integrated model through the manufacture of corrugated board boxes and sheets, as well as industrial sacks. Corrugated board packaging serves a wide range of sectors, including fresh and processed foods, chemicals, flowers, beverages, tobacco, metallurgy, fragrances and cosmetics, both for the domestic market and for exports through packaging for international transportation of meat, poultry, fruit and other products. Industrial sacks target construction, seeds, chemicals, food and animal feed, among other uses. Klabin also develops solutions for new markets and maintains digital initiatives such as the Klabin ForYou platform, focused on e-commerce of packaging in small lots, based on renewable raw materials. In 2025, the company’s revenue reflected a diversified customer base, with no single buyer accounting for more than 10% of total revenue, which reduces dependence on large specific contracts.

Klabin’s geographic presence covers all regions of Brazil, with 21 industrial units in various states and one plant in Argentina, in the municipality of Pilar. The company operates in both domestic and foreign markets, with net revenue of R$ 13.1 billion from customers in Brazil in 2025, equivalent to 63% of total net revenue. Its logistics operation integrates forest and industrial production with outflow infrastructure, including a port terminal at the Port of Paranaguá, in Paraná, regulated by ANTAQ and the state port authority. This terminal is relevant for the export of pulp, paper and packaging, connecting the company to global supply chains in the forest-based sector.

From a regulatory standpoint, Klabin’s activities are subject to a broad framework of environmental and natural resource use regulations, in particular the National Environmental Policy, the Forest Code, the National Solid Waste Policy and the National Water Resources Policy, as well as state and municipal legislation. The company depends on environmental licenses, water use concessions, authorizations for forest management and clearing, and various registrations to operate its industrial and forest units. It also requires authorizations related to controlled chemicals and special operations associated with the pulp and paper industry. The relationship with public authorities is guided by the maintenance of licenses and the adaptation of operations to legal requirements, with a direct impact on the planning and execution of industrial and forest projects.

In corporate governance and sustainability, Klabin holds a prominent position among companies listed on B3. Shares KLBN3, KLBN4 and KLBN11 are traded on the exchange’s Level 2 corporate governance segment, which entails additional transparency and shareholder protection practices. The company has been part of B3’s Corporate Sustainability Index (ISE) for several years and is included in international portfolios such as Dow Jones Best-in-Class, with high scores in environmental, social and governance criteria. Its forests are certified by FSC and PEFC, reinforcing its commitment to responsible forest management and biodiversity conservation. In climate matters, the company has joined global initiatives such as Business Ambition for 1.5°C and has its greenhouse gas emissions reduction targets approved by the Science Based Targets initiative (SBTi, including new targets based on 2022), which foresee significant reductions in absolute scope 1 and 2 emissions by 2030. Klabin also aligns its strategy with the UN Sustainable Development Goals and its own 2030 sustainability agenda, the Klabin Objectives for Sustainable Development (KODS), with public monitoring of indicators on a dedicated ESG dashboard.

Klabin’s internal sustainability policies consolidate guidelines for managing environmental and social risks, innovation in renewable-based products, a low-carbon economy, resource circularity and respect for human rights. The company seeks to integrate these principles into its business strategy, industrial process design and engagement with employees, communities, suppliers, customers and financial institutions. The emphasis on governance is reflected in decisions such as the merger of Sociedade Geral de Marcas (Sogemar), approved at a shareholders’ meeting in 2020, which eliminated the payment of royalties for the use of the Klabin brand and was conducted with the participation of independent board members and external evaluations. This combination of an integrated model, significant forest base, diversified products, presence in multiple markets and focus on ESG practices positions Klabin as one of the leading industrial groups in the paper, pulp and packaging sector in Brazil, with shares KLBN3, KLBN4 and KLBN11 forming part of the universe of forest-based companies listed on B3.