Leases (Tables)

3 Months Ended

Mar. 31, 2025

Presentation of leases for lessee [abstract]

Disclosure of quantitative information about right-of-use assets [text block]


	Lands	Machinery and equipment	Buildings	Ships and boats	Vehicles	Total
Balances at December 31, 2023	3,380,298	184,813	127,432	1,498,228	5,860	5,196,631
Additions/updates	506,373	157,542	41,235		39,076	744,226
Depreciation (1)	(408,000)	(167,312)	(54,275)	(124,890)	(2,587)	(757,064)
Write-offs (2)	(3,102)					(3,102)
Balances at December 31, 2024	3,475,569	175,043	114,392	1,373,338	42,349	5,180,691
Additions/updates	229,525	11,502	25,690			266,717
Depreciation (1)	(108,410)	(40,571)	(13,238)	(31,223)	(4,365)	(197,807)

Balances at March 31, 2025	3,596,684	145,974	126,844	1,342,115	37,984	5,249,601

(1)The amount of depreciation related to land is substantially reclassified to biological assets to make up the formation costs.

(2)Write-off due to cancellation of contracts.

Lessee, Operating Leases, Present Value Of Lease Liabilities [Table Text Block ]


Nature of agreement	Average rate - % p.a. (1)	Maturity (2)	Present value of liabilities
Lands and farms	12.27	May/2052	4,041,182
Machinery and equipment	11.19	July/2032	244,318
Buildings	10.75	March/2031	125,318
Ships and boats	11.25	February/2039	2,408,213
Vehicles	11.10	November/2028	32,488
			6,851,519

(1)To determine the discount rates, quotes were obtained from financial institutions for agreements with characteristics and average terms similar to the lease agreements.

(2)Refers to the original maturities of the agreements and, therefore, does not consider eventual renewal clauses.

Lessee, Operating Leases, Changes in Lease Liabilities


	03/31/2025	12/31/2024
Opening balance	6,972,915	6,243,782
Additions	266,717	744,226
Write-offs (2)		(3,102)
Payments	(371,531)	(1,325,398)
Accrual of financial charges (1)	182,458	700,283
Exchange rate variations	(199,040)	613,124
Closing balance	6,851,519	6,972,915

Current	870,322	872,228
Non-current	5,981,197	6,100,687

(1)On March 31, 2025, the amount of R$66,200 related to interest expenses on leased lands was capitalized to biological assets to represent the formation cost (R$223,055 as of December 31, 2024).

(2)Write-off due to cancellation of contracts.

Lessee, Operating Leases, Expenses Recognised in Profit or Loss [Table Text Block ]

The amounts recognized are set out below:


	03/31/2025	03/31/2024
Expenses relating to short-term assets	672	1,084
Expenses relating to low-value assets	18	424
	690	1,508