v3.26.1
Statement of cash flows, indirect method (Statement) - BRL (R$)
R$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from (used in) operating activities    
Net income for the period R$ 6,119,457 R$ 11,360,131
Adjustments to reconcile profit (loss)    
Depreciation, depletion and amortization 5,771,399 5,169,036
Depreciation, right-of-use assets 167,855 167,650
Interest expense on lease liabilities 232,932 230,308
Result from sale and disposal of property, plant and equipment, intangible and biological assets, net (188,297) 124,099
Income (expense) from associates and joint ventures 25,596 189,082
Exchange rate and monetary variations, net (3,105,213) (8,193,085)
Interest expenses on financing, loans and debentures 2,876,547 2,859,388
Adjustments for finance costs (44,289) (126,119)
Amortization of transaction costs, premium and discounts 84,591 48,174
Derivative financial instruments, net (4,001,948) (6,352,505)
Premium expenses on early settlements 129,841
Accrual of interest on marketable securities (648,105) (516,596)
Fair value adjustment of biological assets (1,157,728) 73,248
Deferred income tax and social contribution 3,024,433 5,584,692
Interest on actuarial liabilities and cost of current service 40,423 39,644
Provision for judicial liabilities, net 28,334 (36,641)
Provision (reversal) for doubtful accounts, net (28,534) 45,541
Provision (reversal) for inventory losses, net 16,193 13,794
Provision (reversal) for loss of ICMS credits, net (3,856) 83,940
Other 44,052 33,854
Trade accounts receivable 215,552 896,134
Inventories (362,309) (402,359)
Recoverable taxes (154,311) (216,650)
Other assets 125,967 (94,065)
Trade accounts payable 801,299 405,235
Taxes payable (93,040) 313,913
Payroll and charges (265,293) (370,336)
Other liabilities 96,634 (210,178)
Cash generated from operations 9,748,182 11,119,329
Payment of interest on financing, loans and debentures (2,629,067) (2,887,340)
Adjustment for operating costs 44,289 126,119
Premium expenses on early settlements paid (129,841)
Interest received on marketable securities 363,178 582,826
Payment of income taxes (127,398) (182,669)
Cash provided by operating activities 7,269,343 8,758,265
Additions to property, plant and equipment (1,817,608) (2,618,399)
Additions to intangible (71,385) (22,079)
Purchase of biological assets (3,617,275) (3,642,430)
Proceeds from sales of property, plant and equipment and biological assets 250,712 78,458
Capital increase in affiliates (2,500) (7,339)
Marketable securities, net 531,558 4,794,845
Advances for acquisition of wood from operations with development and partnerships (433,255) (124,640)
Dividends received 3,854 8,835
Cash used in investing activities (5,155,899) (1,532,749)
Proceeds from loans, financing and debentures 2,896,932 12,661,193
Proceeds from derivative transactions 766,203 279,281
Payment of loans, financing and debentures (1,669,130) (13,338,107)
Payment of leases (708,928) (713,779)
Payment of dividends (1,385,007) (2,208,154)
Shares repurchased (133,541) (191,918)
Cash used by financing activities (233,471) (3,511,484)
EXCHANGE VARIATION ON CASH AND CASH EQUIVALENTS (414,155) (449,261)
Increase in cash and cash equivalents, net 1,879,973 3,714,032
At the beginning of the period 15,179,753 9,018,818
At the end of the period R$ 16,645,571 R$ 12,283,589