In brief

Klabin earned R$ 393 million in the third quarter.

Profit fell 18% but beat consensus.

What we know

04

  1. Verified fact · material

    Klabin posted net income of R$ 393 million in 3Q26, down 18% from 3Q25.

    Profit.

    Sources[01][02]

  2. Verified fact · material

    Profit beat the R$ 329.5 million consensus.

    Consensus.

    Sources[01][02]

  3. Verified fact

    According to Investidor10, adjusted Ebitda was R$ 1.86 billion, down 12%.

    Ebitda.

    Sources[01]

  4. Verified fact

    According to InfoMoney, KLBN11KlabinOrganizationBrazil's largest producer and exporter of packaging paper, listed on B3 as KLBN11.Open in the Market Map ↗ closed down 6.37% on October 28.

    Stock.

    Sources[02]

Transmission to assets

Market read-through

The market reacted poorly despite the beat, pressured by the post-election environment.

Portfolio impact

01
KLBN11negative

Falling profit.

Beat expectations.

What would change the view: Weak pulp.

direct20% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • Pulp price
  • Leverage

Limits of the reporting

What remains uncertain

  • Margin details appear in one source.

Full sources

02
01
Investidor10Klabin (KLBN11): lucro cai 18% e fica em R$ 393 milhões no 3T26independent newsroom
02
InfoMoneyKlabin (KLBN11): análise dos resultados do 3T26independent newsroom
01