rewrite this title Klabin S.A. (KLBAY) Q3 2025 Earnings Call Transcript

Operator

Good morning, and welcome to Klabin’s conference call. [Operator Instructions] As a reminder, this conference is being recorded, and the presentation will be in Portuguese with simultaneous translation into English. [Operator Instructions] I’d like to make a brief announcement for those following us in English. [Operator Instructions]

Any statements made during this conference call in connection with Klabin’s business outlook, projections, operating and financial targets and potential growth should be understood as merely forecasts based on the company’s management expectations in relation to the future of Klabin. These expectations are highly dependent on market conditions, on Brazil’s overall economic performance and on industry and international market behaviors and therefore are subject to change.

We have with us today, Mr. Cristiano Teixeira, CEO; Marcos Ivo, CFO and IRO; and the other officers in the company. Mr. Cristiano and Mr. Ivo will start by commenting on the company’s performance during the third quarter of 2025. After that, the remaining executives will also be available to answer any questions that you may wish to ask.

I will now hand it over to Mr. Cristiano. Go ahead, sir.

Cristiano TeixeiraCEO, General Director & Member of Executive Board

Thank you. Good morning, everyone, and welcome to our earnings call. So