| Disclosure of Detailed Information About Investment in Associates and Joint Ventures |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Information of investees as at | | Company Participation | | | | | | 06/30/2026 | | Carrying amount | | In the income (expenses) for the period | | Equity | | Income (expenses) of the period | | Participation equity (%) | | 06/30/2026 | | 12/31/2025 | | 06/30/2026 | | 06/30/2025 | | Associate | | | | | | | | | | | | | | | Foreign | | | | | | | | | | | | | | Ensyn Corporation (1) | | | | | | | | | | | | | | | | (4,539) | | Spinnova Plc (2) | 180,554 | | | (88,585) | | | 18.75 | % | | 33,854 | | | 54,391 | | | (16,610) | | | (9,155) | | | Simplifyber, Inc. | 38,076 | | | (11,406) | | | 15.52 | % | | 5,909 | | | 7,973 | | | (1,770) | | | (562) | | | Allotrope Energy Ltd | 2,619 | | | | | 19.72 | % | | 516 | | | 556 | | | | | | | | | | | | | 40,279 | | | 62,920 | | | (18,380) | | | (14,256) | | | Joint ventures | | | | | | | | | | | | | | | Domestic (Brazil) | | | | | | | | | | | | | | Biomas - Serviços Ambientais, Restauração e Carbono Ltda. | 20,394 | | | (16,367) | | | 16.66 | % | | 3,815 | | | 3,945 | | | (2,631) | | | (3,107) | | Ibema Companhia Brasileira de Papel | 386,501 | | | (9,174) | | | 49.90 | % | | 192,864 | | | 197,442 | | | (4,578) | | | 9,147 | | | Foreign | | | | | | | | | | | | | | | | | | | | | | | | | | | | Woodspin Oy (3) | | | | | | | | | | | | | | | | | (117,232) | | | | | | | | | 196,679 | | | 201,387 | | | (7,209) | | | (111,192) | | | | | | | | | | | | | | | | Other investments evaluated at fair value through other comprehensive income | | | | | | | | | | | | | | Bem Agro Integração e Desenvolvimento S.A. | | | | | 4.58 | % | | 3,368 | | | 3,581 | | | | | | | Celluforce Inc. | | | | | 8.28 | % | | 23,553 | | | 25,975 | | | | | | Nfinite Nanotechnology Inc. | | | | | 5.40 | % | | 5,305 | | | 5,639 | | | | | | | Lenzing Aktiengesellschaft | | | | | 15.00 | % | | 830,281 | | | 865,986 | | | | | | | | | | | | | | 862,507 | | | 901,181 | | | | | | | | | | | | | | | | | | | | | | Goodwill (1)(3) | | | | | | | 29,389 | | | 29,389 | | | | | (63,634) | | | | | | | | | 29,389 | | | 29,389 | | | | | | (63,634) | | | | | | | | | | | | | | | | | | | | | | | 1,128,854 | | | 1,194,877 | | | (25,589) | | | (189,082) | |
(1)In November 2025, the Company sold its entire equity interest in Ensyn Corporation, liquidated F&E Technologies LLC, and recognized impairment of the investment in F&E Tecnologia do Brasil S.A., both related to the same technology developed by Ensyn. As of December 31, 2025, as a result of this transaction, the following accounting effects were recognized, which impacted the equity pickup line: (i) R$ (160,462) related to the write-off of Ensyn goodwill; R$ 371 related to the recognition of the provision for losses on investments; and R9,896 related to the reclassification of other comprehensive income. (2)The average share price quoted on the Nasdaq First North Growth Market (NFNGM) was EUR0.44 on June 30, 2026 and EUR0.46 on December 31, 2025. (3)In August 2025, the Company completed the sale of its entire equity interest in Woodspin Oy and Suzano Finland Oy to Spinnova Plc for the symbolic amount of 1 euro each. For the year ended December 31, 2025, as a result of this transaction, the following accounting effects were recognized, which significantly impacted the equity pickup line: R$ (117,447) related to the impairment of the investment, R$ (28,679) related to the obligation to make an additional capital contribution, and R$15,636 related to the realization of other comprehensive income of the joint venture Woodspin Oy; R$ (63,634) related to the write-off of goodwill of the associate Spinnova Plc; and R$ (88,871) related to the impairment of the investment in the subsidiary Suzano Finland Oy.
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