v3.26.1
Consolidated balance sheet - BRL (R$)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents R$ 16,645,571,000 R$ 15,179,753,000
Marketable securities 9,623,714,000 9,932,774,000
Trade accounts receivable 6,214,486,000 6,560,607,000
Inventories 8,659,835,000 8,155,847,000
Recoverable taxes 860,433,000 887,085,000
Current Tax Assets Income Tax Related 858,585,000 659,202,000
Derivative financial instruments 3,109,949,000 1,556,978,000
Advances to suppliers 104,050,000 76,818,000
Other assets 783,477,000 858,005,000
Total current assets 46,860,100,000 43,867,069,000
Non-current assets    
Marketable securities 348,297,000 319,680,000
Recoverable taxes 924,429,000 945,699,000
Deferred taxes 122,709,000 1,504,014,000
Derivative financial instruments 8,794,443,000 8,014,683,000
Advances to suppliers 3,179,413,000 2,788,262,000
Judicial deposits 417,696,000 418,301,000
Other assets 193,814,000 187,102,000
Biological assets 27,631,695,000 26,097,164,000
Investments accounted for using equity method 1,128,854,000 1,194,877,000
Property, plant and equipment 63,694,980,000 64,296,187,000
Right of use 5,215,078,000 5,331,789,000
Intangible 12,534,267,000 12,970,692,000
Total non-current assets 124,185,675,000 124,068,450,000
TOTAL ASSETS 171,045,775,000 167,935,519,000
Current liabilities    
Trade accounts payable 5,585,058,000 5,141,386,000
Loans, financing and debentures 4,327,219,000 3,004,905,000
Lease liabilities 876,526,000 857,810,000
Derivative financial instruments 1,164,069,000 1,205,029,000
Taxes payable 173,124,000 240,010,000
Income taxes payable 70,181,000 218,238,000
Payroll and charges 864,329,000 1,132,713,000
Dividends payable 7,352,000 1,393,121,000
Advances from customers 120,269,000 132,408,000
Other liabilities 683,783,000 447,251,000
Total current liabilities 13,871,910,000 13,772,871,000
Non-current liabilities    
Loans, financing and debentures 88,378,903,000 91,796,352,000
Lease liabilities 5,830,892,000 6,072,080,000
Derivative financial instruments 7,274,267,000 8,136,320,000
Provision for judicial liabilities 2,755,699,000 2,801,738,000
Employee benefit plans 753,384,000 741,143,000
Deferred taxes 1,642,469,000
Non-current provisions for employee benefits 304,921,000 332,322,000
Other liabilities 381,817,000 330,520,000
Total non-current liabilities 107,322,352,000 110,210,475,000
TOTAL LIABILITIES 121,194,262,000 123,983,346,000
Equity    
Share capital 24,250,120,000 24,235,546,000
Capital reserves 76,870,000 80,742,000
Treasury shares (1,625,577,000) (1,511,146,000)
Profit reserves 20,103,660,000 20,118,234,000
Accumulated other comprehensive income 763,531,000 888,669,000
Retained earnings 6,129,289,000
Controlling shareholders' 49,697,893,000 43,812,045,000
Non-controlling interest 153,620,000 140,128,000
Total equity 49,851,513,000 43,952,173,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY R$ 171,045,775,000 R$ 167,935,519,000