Irani Papel e Embalagem SA
BOVESPA:RANI3
Irani Papel e Embalagem SA
Irani Papel e Embalagem SA engages in the production and sale of paper products. The company is headquartered in Porto Alegre, Rio Grande Do Sul and currently employs 2,362 full-time employees. The company went IPO on 2005-05-30. The Company’s activities are divided into three business lines: Corrugated Carboard Packaging segment (PO Packaging), which manufactures boxes and sheets of corrugated cardboard; Packaging Paper segment, which produces high- and low-weight Kraft paper and recycled paper; RS Forest and Resins segment, through which the Company cultivates pine, sells wood and produces resin extracted from pine, which is used as a raw material for the production of tar and turpentine. Irani owns several subsidiaries, such as Iraflor Comercio de Madeiras Ltda, Irani Geracao de Energia Sustentavel Ltda, HGE Geracao de Energia Sustentavel SA and Hsul Florestal SA.
Irani Papel e Embalagem SA engages in the production and sale of paper products. The company is headquartered in Porto Alegre, Rio Grande Do Sul and currently employs 2,362 full-time employees. The company went IPO on 2005-05-30. The Company’s activities are divided into three business lines: Corrugated Carboard Packaging segment (PO Packaging), which manufactures boxes and sheets of corrugated cardboard; Packaging Paper segment, which produces high- and low-weight Kraft paper and recycled paper; RS Forest and Resins segment, through which the Company cultivates pine, sells wood and produces resin extracted from pine, which is used as a raw material for the production of tar and turpentine. Irani owns several subsidiaries, such as Iraflor Comercio de Madeiras Ltda, Irani Geracao de Energia Sustentavel Ltda, HGE Geracao de Energia Sustentavel SA and Hsul Florestal SA.
Revenue Growth: Net revenue reached BRL 433.5 million in Q3, representing a 4.7% increase versus Q3 2024.
Profitability Up: Adjusted EBITDA was BRL 146 million with a 33.7% margin, up 15.9% from Q3 2024 and 14.6% from Q2 2025.
Strong Net Income: Net income rose to BRL 42.1 million, up 72.3% versus Q2 and 32.8% versus Q3 2024.
Deleveraging: Net debt-to-EBITDA improved to 2.06 from 2.3, with stable financial indicators and most debt in local currency.
Stable Pricing: Company maintained strong pricing discipline, with average price per ton for packaging at BRL 692, up 2.1% QoQ and 14.1% YoY.
Cost Tailwinds: Scrap (raw material) costs continued to decline and are expected to fall further, supporting profitability.
Dividend & Buyback: Dividend yield reached 9.5% over the last 12 months, with the company completing a share buyback and launching a new program.
Positive Outlook: Management expects stable demand and prices for the rest of the year, with profitability likely to improve as scrap costs fall.
