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-362309000 -402359000 -154311000 -216650000 125967000 -94065000 801299000 405235000 -93040000 313913000 -265293000 -370336000 96634000 -210178000 9748182000 11119329000 2629067000 2887340000 44289000 126119000 -129841000 363178000 582826000 127398000 182669000 7269343000 8758265000 1817608000 2618399000 71385000 22079000 3617275000 3642430000 250712000 78458000 2500000 7339000 -531558000 -4794845000 433255000 124640000 3854000 8835000 -5155899000 -1532749000 2896932000 12661193000 -766203000 -279281000 1669130000 13338107000 708928000 713779000 1385007000 2208154000 133541000 191918000 -233471000 -3511484000 1879973000 3714032000 15179753000 9018818000 -414155000 -449261000 16645571000 12283589000 1879973000 3714032000 <div style="margin-bottom:11pt"><span id="i5b3dbaa3e1c846c9a1908f1ec38c90e2"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">1 COMPANY’S OPERATIONS</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Suzano S.A. (“Suzano”) and its subsidiaries (collectively the “Company”) is a public company with its headquarters in Brazil, at Professor Magalhães Neto Avenue, No. 1,752 - 10</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">th</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> floor, rooms 1010 and 1011, Pituba District, in the city of Salvador, State of Bahia, and its main business office in the city of São Paulo.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Suzano’s shares are traded on B3 S.A. (</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:140%">“Brasil, Bolsa, Balcão - “B3”</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">), listed in the New Market under the ticker SUZB3, and its American Depositary Receipts (“ADRs”) in a ratio of 1 (one) per common share, Level II, are traded in the New York Stock Exchange (“NYSE”) under the ticker SUZ.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company has 15 industrial units, 13 located in Brazil in the cities of Cachoeiro de Itapemirim and Aracruz (Espírito Santo State), Belém (Pará State), Eunápolis and Mucuri (Bahia State), Maracanaú (Ceará State), Imperatriz (Maranhão State), Jacareí, Limeira, Mogi das Cruzes and Suzano (São Paulo State) and Três Lagoas and Ribas do Rio Pardo (Mato Grosso do Sul State) and 02 units in United States located in the cities of Pine Bluff (Arkansas) and Waynesville (North Carolina). </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">These units produce hardwood pulp from eucalyptus, coated paper, paperboard, uncoated paper and cut size paper and packages of sanitary paper (consumer goods - tissue) to serve the domestic and foreign markets. </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company also has 06 technology centers, 04 located in Brazil, 01 in China and 01 in Israel focused on product development and industrial process improvement.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In addition, it has a global logistics structure that supports its commercial and export operations. In Brazil, the Company has 29 distribution centers and 04 ports, strategically located for the distribution of its products. Abroad, the structure consists of approximately 69 terminals, distributed across Asia, Europe, North America, Central America, South America and Oceania.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Pulp and paper are sold in foreign markets by Suzano, as well as through its wholly-owned subsidiaries and/or its sales offices in Argentina, Austria, China, Ecuador, United States of America and Singapore. </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company's operations also include the commercial management of eucalyptus forest for its own use, operation of port terminals, and holding of interests, as a partner or shareholder, in other companies or enterprises, and commercialization of electricity generated from its pulp production process.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company is controlled by Suzano Holding S.A., through a voting agreement whereby it holds 48.85% of the common shares of its share capital (49.28% as of December 31, 2025).</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">This unaudited condensed consolidated interim financial information was authorized by the Board of Directors on August 12, 2026.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i3f769331914644c59a94fc2a05148596"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1.1 Equity interests</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company holds equity interests in the following entities:</span></div><div style="margin-bottom:10pt;text-align:justify"><span><br/></span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:35.341%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.033%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.247%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.790%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.797%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">% equity interest</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Entity/Type of investment </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Main activity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Country</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #494949;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #494949;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Consolidated</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">F&amp;E Tecnologia do Brasil S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biofuel production, except alcohol</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Fibria Celulose (USA) Inc. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Fibria Terminal de Celulose de Santos SPE S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Port operations</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">FuturaGene Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biotechnology research and development</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">England</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">FuturaGene Delaware Inc. (Indirect)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biotechnology research and development</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 25pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">FuturaGene Israel Ltda. (Indirect)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biotechnology research and development</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Israel</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">FuturaGene Inc. (Indirect)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biotechnology research and development</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Maxcel Empreendimentos e Participações S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Holding</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Itacel - Terminal de Celulose de Itaqui S.A. (Indirect)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Port operations</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Mucuri Energética S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Power generation and distribution</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Paineiras Logística e Transportes Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Road freight transport</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Portocel - Terminal Espec. Barra do Riacho S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Port operations</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">51.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">51.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Projetos Especiais e Investimentos Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Commercialization of equipment and parts</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">SFBC Participações Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Packaging production</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Argentina S.A.U (Direct) </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Commercialization of paper and computer materials</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Argentina</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Austria GmbH. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Austria</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Canada Inc. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Lignin research and development</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Canada</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Ecuador S.A.S. (Direct) </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Ecuador</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano International Finance B.V. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Financial fundraising</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Netherlands</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano International Holding B.V. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Holding</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Netherlands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano International Trade GmbH. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Austria</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Packaging LLC (Indirect) </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Production of coated and uncoated paperboard, used in the production of Liquid Packaging Board and Cupstock</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Material Technology Development Ltd. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biotechnology research and development</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">China</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Netherlands B.V. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Financial fundraising</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Netherlands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Operações Industriais e Florestais S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Industrialization, commercialization and exporting of pulp</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Pulp and Paper America Inc. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Pulp and Paper Europe S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Switzerland</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Shanghai Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">China</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Shanghai Trading Ltda. (Direct) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:3.9pt;font-weight:400;line-height:120%;position:relative;top:-2.1pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">China</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Singapura Pte. Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Singapore</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Trading International KFT(Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Hungary</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Ventures LLC (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Corporate venture capital</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Joint operation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Veracel Celulose S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Industrialization, commercialization and exporting of pulp</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">50.00</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">50.00</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #494949;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:35.341%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.033%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.247%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.790%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.797%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">% equity interest</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Entity/Type of investment </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Main activity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Country</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Equity</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Allotrope Energy Ltd (Indirect)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Research and development of battery technology based on carbon derived from lignin biomass</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">England</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">19.72</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">20.00</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biomas Serviços Ambientais, Restauração e Carbono S.A. (Direct) </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Restoration, conservation and preservation of forests</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">16.66</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">16.66</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Muçununga Serviços Ambientais, Restauração e Carbono Ltda. (Indirect)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Restoration, conservation and preservation of forests</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">8.33</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">8.33</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Ibema Companhia Brasileira de Papel (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Industrialization and commercialization of paperboard</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">49.90</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">49.90</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Simplifyber, Inc. (Indirect) </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Production of consumer goods through the transformation of cellulose-based liquids</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">15.52</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">14.20</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Spinnova Plc. (Direct) (“Spinnova”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Research of sustainable raw materials for the textile industry</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Finland</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">18.75</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">18.76</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Woodspin Oy (Direct/Indirect) (“Woodspin”) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:3.9pt;font-weight:400;line-height:120%;position:relative;top:-2.1pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Development and production of cellulose-based fibers, yarns and textile filaments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Finland</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">18.75</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">18.76</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Spinnova Refining Oy (Indirect) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:3.9pt;font-weight:400;line-height:120%;position:relative;top:-2.1pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Industrialization and commercialization of cellulose, microfiber cellulose and paper</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Finland</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">18.75</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">18.76</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Fair value through other comprehensive income</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Bem Agro Integração e Desenvolvimento S.A. (Indirect) </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Software solutions based on artificial intelligence and computer vision for agribusiness</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4.58</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5.82</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Celluforce Inc. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Nanocrystalline pulp research and development</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Canada</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">8.28</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">8.28</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Lenzing Aktiengesellschaft (Indirect)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Production of wood-based cellulose fibers</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Austria</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">15.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">15.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Nfinite Nanotechnology Inc. (Indirect)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:3.9pt;font-weight:400;line-height:120%;position:relative;top:-2.1pt;vertical-align:baseline"> </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Research and development of smart nanocoatings</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Canada</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5.40</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">4.90</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr></table></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">On June 29, 2026, the Company completed the liquidation of Suzano Shanghai Trading Ltd.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">On October 3, 2025, the transaction with Spinnova Plc was completed, involving the transfer of the Company’s interest in Woodspin Oy and Suzano Finland Oy. Following the transaction, Suzano Finland Oy was renamed Spinnova Refining Oy, and Spinnova became the sole owner (100%) of both entities. The Company, in turn, retained an indirect interest in these companies.</span></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i49354b586fb54dc1b123532c9d7fdbf8"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1.2 Major events in the period</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i7cfba927d9b141328a9cc0c388f1f276"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1.2.1 Acquisition of an interest in a global tissue business </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 5, 2025, the Company announced that its wholly owned subsidiary, Suzano International Holding B.V., incorporated in the Netherlands, entered into an Equity and Asset Purchase Agreement with Kimberly-Clark Corporation (“K-C”) for the acquisition of a 51% equity interest (the “Transaction”) in FamPro Tissue Holdings B.V. ("Arbex"), a newly formed company in the Netherlands. As part of the transaction, Suzano was granted a call option to acquire the remaining 49% equity interest in Arbex, exercisable from the third anniversary of the closing of the transaction or, under certain circumstances, prior to that date. The exercise of the option is at Suzano’s sole discretion.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Transaction involves the acquisition of assets and businesses related to the manufacturing, marketing, distribution, and sale of tissue products in selected jurisdictions across the Americas, Europe, Asia, Africa, and Oceania. The Transaction includes 22 production facilities located in 14 countries. In addition, certain regional brands will be transferred to Arbex, and certain global brands will be licensed by K-C to Arbex in the relevant regions on a royalty-free, long-term basis.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On May 28, 2026, the Company and K‑C obtained final approval from the antitrust authorities for the completion of the transaction.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On July 1, 2026 (“Closing”), Suzano, through its wholly owned subsidiary in the Netherlands (Suzano International Holding B.V.), completed the acquisition of a 51% equity interest in Arbex, thereby obtaining exclusive control of that entity on that date. Additional information regarding the transaction is disclosed in Note 29 – Subsequent Events.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The transaction did not have a material accounting impact on the Company's condensed consolidated interim financial information as of and for the period ended in June 30, 2026, up to the date of issuance of these interim financial statements.</span></div><div><span><br/></span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="iea5f3592f7b94291ba8cdf2ba165f2fb"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1.2.2 Middle East Crisis</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company continuously monitors the scenario of geopolitical instability in the Middle East and assesses its potential impacts on the macroeconomic environment, the markets in which it operates, and its operations.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company has employees and facilities in Israel through its subsidiary FuturaGene Israel Ltd. and has been closely monitoring the local situation, adopting security measures and operational protocols in line with the guidance of the competent authorities.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">As of the date these consolidated interim financial information were prepared, no material impacts have been identified on the supply of raw materials, logistics, or customer service. The main effects observed relate to increased volatility in energy and commodity costs, which have been managed through the Company’s customary risk mitigation mechanisms.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Based on the analyses conducted to date, Management considers that there is no evidence of material operational or financial impacts on the Company as of June 30, 2026; however, this assessment may be revised as the situation evolves.</span></div> 15 13 2 6 4 1 1 29 4 69 0.4885 0.4928 <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:35.341%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.033%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.247%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.790%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.797%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">% equity interest</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Entity/Type of investment </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Main activity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Country</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #494949;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #494949;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Consolidated</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">F&amp;E Tecnologia do Brasil S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biofuel production, except alcohol</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Fibria Celulose (USA) Inc. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Fibria Terminal de Celulose de Santos SPE S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Port operations</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">FuturaGene Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biotechnology research and development</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">England</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">FuturaGene Delaware Inc. (Indirect)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biotechnology research and development</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 25pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">FuturaGene Israel Ltda. (Indirect)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biotechnology research and development</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Israel</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">FuturaGene Inc. (Indirect)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biotechnology research and development</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Maxcel Empreendimentos e Participações S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Holding</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Itacel - Terminal de Celulose de Itaqui S.A. (Indirect)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Port operations</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Mucuri Energética S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Power generation and distribution</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Paineiras Logística e Transportes Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Road freight transport</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Portocel - Terminal Espec. Barra do Riacho S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Port operations</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">51.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">51.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Projetos Especiais e Investimentos Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Commercialization of equipment and parts</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">SFBC Participações Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Packaging production</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Argentina S.A.U (Direct) </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Commercialization of paper and computer materials</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Argentina</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Austria GmbH. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Austria</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Canada Inc. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Lignin research and development</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Canada</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Ecuador S.A.S. (Direct) </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Ecuador</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano International Finance B.V. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Financial fundraising</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Netherlands</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano International Holding B.V. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Holding</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Netherlands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano International Trade GmbH. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Austria</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Packaging LLC (Indirect) </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Production of coated and uncoated paperboard, used in the production of Liquid Packaging Board and Cupstock</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Material Technology Development Ltd. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biotechnology research and development</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">China</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Netherlands B.V. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Financial fundraising</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Netherlands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Operações Industriais e Florestais S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Industrialization, commercialization and exporting of pulp</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Pulp and Paper America Inc. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Pulp and Paper Europe S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Switzerland</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Shanghai Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">China</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Shanghai Trading Ltda. (Direct) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:3.9pt;font-weight:400;line-height:120%;position:relative;top:-2.1pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">China</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Singapura Pte. Ltda. (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Singapore</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Trading International KFT(Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Business office</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Hungary</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Suzano Ventures LLC (Direct)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Corporate venture capital</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Joint operation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Veracel Celulose S.A. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Industrialization, commercialization and exporting of pulp</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">50.00</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">50.00</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #494949;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:35.341%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.033%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.247%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.790%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.797%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">% equity interest</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Entity/Type of investment </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Main activity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Country</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Equity</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Allotrope Energy Ltd (Indirect)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Research and development of battery technology based on carbon derived from lignin biomass</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">England</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">19.72</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">20.00</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Biomas Serviços Ambientais, Restauração e Carbono S.A. (Direct) </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Restoration, conservation and preservation of forests</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">16.66</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">16.66</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Muçununga Serviços Ambientais, Restauração e Carbono Ltda. (Indirect)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Restoration, conservation and preservation of forests</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">8.33</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">8.33</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Ibema Companhia Brasileira de Papel (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Industrialization and commercialization of paperboard</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">49.90</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">49.90</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Simplifyber, Inc. (Indirect) </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Production of consumer goods through the transformation of cellulose-based liquids</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">United States of America</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">15.52</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">14.20</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Spinnova Plc. (Direct) (“Spinnova”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Research of sustainable raw materials for the textile industry</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Finland</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">18.75</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">18.76</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Woodspin Oy (Direct/Indirect) (“Woodspin”) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:3.9pt;font-weight:400;line-height:120%;position:relative;top:-2.1pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Development and production of cellulose-based fibers, yarns and textile filaments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Finland</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">18.75</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">18.76</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Spinnova Refining Oy (Indirect) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:3.9pt;font-weight:400;line-height:120%;position:relative;top:-2.1pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Industrialization and commercialization of cellulose, microfiber cellulose and paper</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Finland</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">18.75</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">18.76</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Fair value through other comprehensive income</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Bem Agro Integração e Desenvolvimento S.A. (Indirect) </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Software solutions based on artificial intelligence and computer vision for agribusiness</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Brazil</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4.58</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5.82</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Celluforce Inc. (Direct)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Nanocrystalline pulp research and development</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Canada</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">8.28</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">8.28</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Lenzing Aktiengesellschaft (Indirect)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Production of wood-based cellulose fibers</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Austria</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">15.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">15.00</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Nfinite Nanotechnology Inc. (Indirect)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:3.9pt;font-weight:400;line-height:120%;position:relative;top:-2.1pt;vertical-align:baseline"> </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Research and development of smart nanocoatings</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Canada</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5.40</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">4.90</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">%</span></div></td></tr></table></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">On June 29, 2026, the Company completed the liquidation of Suzano Shanghai Trading Ltd.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">On October 3, 2025, the transaction with Spinnova Plc was completed, involving the transfer of the Company’s interest in Woodspin Oy and Suzano Finland Oy. Following the transaction, Suzano Finland Oy was renamed Spinnova Refining Oy, and Spinnova became the sole owner (100%) of both entities. The Company, in turn, retained an indirect interest in these companies.</span></div> Biofuel production, except alcohol Brazil 1.0000 1.0000 Business office United States of America 1.0000 1.0000 Port operations Brazil 1.0000 1.0000 Biotechnology research and development England 1.0000 1.0000 Biotechnology research and development United States of America 1.0000 1.0000 Biotechnology research and development Israel 1.0000 1.0000 Biotechnology research and development United States of America 1.0000 1.0000 Holding Brazil 1.0000 1.0000 Port operations Brazil 1.0000 1.0000 Power generation and distribution Brazil 1.0000 1.0000 Road freight transport Brazil 1.0000 1.0000 Port operations Brazil 0.5100 0.5100 Commercialization of equipment and parts Brazil 1.0000 1.0000 Packaging production Brazil 1.0000 1.0000 Commercialization of paper and computer materials Argentina 1.0000 1.0000 Business office Austria 1.0000 1.0000 Lignin research and development Canada 1.0000 1.0000 Business office Ecuador 1.0000 1.0000 Financial fundraising Netherlands 1.0000 1.0000 Holding Netherlands 1.0000 1.0000 Business office Austria 1.0000 1.0000 Production of coated and uncoated paperboard, used in the production of Liquid Packaging Board and Cupstock United States of America 1.0000 1.0000 Biotechnology research and development China 1.0000 1.0000 Financial fundraising Netherlands 1.0000 1.0000 Industrialization, commercialization and exporting of pulp Brazil 1.0000 1.0000 Business office United States of America 1.0000 1.0000 Business office Switzerland 1.0000 1.0000 Business office China 1.0000 1.0000 Business office China 1.0000 Business office Singapore 1.0000 1.0000 Business office Hungary 1.0000 1.0000 Corporate venture capital United States of America 1.0000 1.0000 Industrialization, commercialization and exporting of pulp Brazil 0.5000 0.5000 Research and development of battery technology based on carbon derived from lignin biomass England 0.1972 0.2000 Restoration, conservation and preservation of forests Brazil 0.1666 0.1666 Restoration, conservation and preservation of forests Brazil 0.0833 0.0833 Industrialization and commercialization of paperboard Brazil 0.4990 0.4990 Production of consumer goods through the transformation of cellulose-based liquids United States of America 0.1552 0.1420 Research of sustainable raw materials for the textile industry Finland 0.1875 0.1876 Development and production of cellulose-based fibers, yarns and textile filaments Finland 0.1875 0.1876 Industrialization and commercialization of cellulose, microfiber cellulose and paper Finland 0.1875 0.1876 Software solutions based on artificial intelligence and computer vision for agribusiness Brazil 0.0458 0.0582 Nanocrystalline pulp research and development Canada 0.0828 0.0828 Production of wood-based cellulose fibers Austria 0.1500 0.1500 Research and development of smart nanocoatings Canada 0.0540 0.0490 1 0.51 0.49 22 14 0.51 <div style="margin-bottom:11pt"><span id="iaaa6e0fad0c74d838c8c0b1d8602464e"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">2 BASIS OF PREPARATION AND PRESENTATION OF FINANCIAL INFORMATION</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company’s unaudited condensed consolidated interim financial information, for the three and six-month period ended June 30, 2026, are prepared in compliance with the international accounting standard IAS 34 Interim Financial Reporting issued by the International Accounting Standards Board (“IASB”) and disclose all the applicable significant information related to the financial information, which is consistent with the information used by Management in the performance of its duties.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company’s unaudited condensed consolidated interim financial information are expressed in thousands of Brazilian Reais (“R$”), as well as the amounts of other currencies, when applicable, were also expressed in thousands, unless otherwise stated. </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The preparation of unaudited condensed consolidated interim financial information requires Management to make judgments, use estimates and adopt policies in the process of applying accounting practices that affect the disclosed amounts of revenues, expenses, assets and liabilities, including the disclosure of contingent liabilities assumed. However, the uncertainty inherent to these judgments, assumptions and estimates could result in material adjustments to the carrying amount of certain assets and liabilities in future periods.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company reviews its judgments, estimates and assumptions continually as disclosed in the annual financial statements for the year ended December 31, 2025 (Note 3.2.19). For the six-month period ended June 30, 2026, there were no changes in these judgments, estimates and assumptions compared to disclosed on December 31, 2025.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The unaudited condensed consolidated interim financial information was prepared on historical cost basis, except for the following material items recognized:</span></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(i)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.88pt">Derivative and non-derivative financial instruments measured at fair value;</span></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(ii)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:12.3pt">Share-based payments and employee benefits measured at fair value; and</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">(iii)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:9.72pt">Biological assets measured at fair value; </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The unaudited condensed consolidated interim financial information has been prepared under the assumption that no material uncertainties exist with respect to events or conditions that may cast significant doubt regarding the Company's capacity to continue operating as going concern.</span></div> <div style="margin-bottom:11pt"><span id="i039daac916934f928854c707b70a0eb1"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">3 SUMMARY OF MATERIAL ACCOUNTING POLICIES</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The unaudited condensed consolidated interim financial information was prepared based on the information of Suzano and its subsidiaries on the same base date, except for subsidiary Suzano Packaging and associates Biomas, Simplifyber and Spinnova, as well as in accordance with consistent accounting policies and practices.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The unaudited condensed consolidated interim financial information should be read in conjunction with the annual financial statements for the year ended December 31, 2025, considering that its purpose is to provide an update on the activities, events and significant circumstances in relation to those disclosed in the consolidated financial statements. Therefore, unaudited condensed consolidated interim financial information focus on new activities, events and circumstances and do not duplicate the information previously disclosed, except when Management judges that the maintenance of the information is relevant. </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The accounting policies have been consistently applied to all consolidated companies.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">There were no changes on such policies and estimates calculation methodologies, except for the new accounting policies presented in Note 3.1, adopted as of January 1, 2026 which was disclosed in the annual financial statements of December 31, 2025.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i8e076399a19f457e9fa7e907b8cb66fe"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.1 New accounting policies and changes in accounting policies adopted</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The new standards and interpretations issued, until the issuance of the Company’s unaudited condensed consolidated interim financial information, are described below.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i0a55bbb183b147af8ff8cc562467e824"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.1.1 Amendment to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (applicable for annual on/or after January 1, 2026)</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On 30 May 2024, the IASB issued targeted amendments to IFRS 9 and IFRS 7 to respond to recent questions arising in practice, and to include new requirements not only for financial institutions but also for corporate entities. These amendments:</span></div><div style="margin-bottom:10pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Suzano Display',sans-serif;font-size:10pt;font-weight:400;line-height:140%">•</span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:15.12pt">clarify the date of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system;</span></div><div style="margin-bottom:10pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Suzano Display',sans-serif;font-size:10pt;font-weight:400;line-height:140%">•</span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:15.12pt">clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion;</span></div><div style="margin-bottom:10pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Suzano Display',sans-serif;font-size:10pt;font-weight:400;line-height:140%">•</span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:15.12pt">add new disclosures for certain instruments with contractual terms that can change cash flows (such as some financial instruments with features linked to the achievement of environment, social and governance targets); and</span></div><div style="margin-bottom:10pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Suzano Display',sans-serif;font-size:10pt;font-weight:400;line-height:140%">•</span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:15.12pt">update the disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI).</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company assessed the content of this pronouncement and did not identify any impacts.</span></div> <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i8e076399a19f457e9fa7e907b8cb66fe"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.1 New accounting policies and changes in accounting policies adopted</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The new standards and interpretations issued, until the issuance of the Company’s unaudited condensed consolidated interim financial information, are described below.</span></div> <div style="margin-bottom:11pt"><span id="i40b96e4a7963469489118ec47095f999"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">4 FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i533ad011d52647a4be4041ef1736d2b6"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.1 Financial risks management</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="id60064bda2c54af1bb79b8b92802bb95"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.1.1 Overview</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In the six-month period ended June 30, 2026, there were no transfers of financial instruments between Levels 1, 2 and 3 of the fair value hierarchy and there were no significant changes in the financial risk management policies and procedures compared to those disclosed in the annual financial statements for the year ended December 31, 2025 (Note 4).</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company maintained its conservative approach and strong cash and marketable securities position, as well as its hedging policy.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="iff0b9c3a667f4188a74f4baf1fcc92f5"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.1.2 Classification</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">All transactions with financial instruments are recognized for accounting purposes and classified in the following categories:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:59.445%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Note</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Assets</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Amortized cost </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cash and cash equivalents</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,645,571</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">15,179,753 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trade accounts receivable</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,214,486</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,560,607 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other assets </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">610,974</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">595,069 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">23,471,031</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22,335,429</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fair value through other comprehensive income</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">18.1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">862,512</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">901,181 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">862,512</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">901,181</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fair value through profit or loss</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative financial instruments </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.5.1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,904,392</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,571,661 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Marketable securities </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,972,011</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,252,454 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">21,876,403</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">19,824,115</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">46,209,946</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">43,060,725</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Liabilities</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Amortized cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trade accounts payable</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">21</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,585,058</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,141,386 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans, financing and debentures</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22.1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">92,706,122</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">94,801,257 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Lease liabilities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">23.2</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,707,418</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,929,890 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Dividends payable</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,352</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,393,121 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other liabilities </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">318,169</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">236,724 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">105,324,119</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">108,502,378</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fair value through profit or loss</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative financial instruments </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.5.1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,438,336</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,341,349 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,438,336</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,341,349</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">113,762,455</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">117,843,727</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">67,552,509</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">74,783,002</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Includes only items classified as financial instruments.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Investments in publicly traded companies are classified as Level 1 in the fair value hierarchy and total R$ 830,281 as of June 30, 2026 (R$ 865,986 as of December 31, 2025). Investments in privately held companies are classified as Level 3 and total R$32,231 as of June 30, 2026 (R$35,195 as of December 31, 2025).</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Financial instruments classified as Level 2 in the fair value hierarchy.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Government securities are financial instruments classified as Level 1 in the fair value hierarchy and total R$ 1,298,973 as of June 30, 2026 (R$1,274,439 as of December 31, 2025). Private securities, investment funds, and other financial investments are classified as Level 2 in the fair value hierarchy and total R$ 8,673,038 as of June 30, 2026 (R$8,978,015 as of December 31, 2025).</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i008337eb6e8f4119a4c6c6b8b1847cfb"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.1.3 Fair value of loans and financing</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The estimated fair values of loans and financing are set forth below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:51.697%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Yield used to discount/methodology</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Quoted in the secondary market</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In foreign currency</span></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.42pt;padding-right:0.42pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:36pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Bonds</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Secondary Market</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">38,944,092</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">42,223,976 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Estimated present value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In foreign currency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Export credits (“Prepayment”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,555,562</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">18,404,795 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Assets Financing</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">217,792</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">277,172 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">IFC - International Finance Corporation</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,338,833</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,442,675 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ECA - Export Credit Agency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,857,691</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,979,202 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Panda Bonds - CNY</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fixed</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,949,727</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,964,329 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In local currency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – TJLP</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">53,487</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">95,167 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – TLP</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,150,753</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,193,766 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – Fixed</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">38,822</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – TR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">84,934</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">90,356 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – Selic (“Special Settlement and Custody System”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">767,119</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">547,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – UMBNDES</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">272,738</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">253,500 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Assets Financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">42,477</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">49,911 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Debentures</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1/IPCA</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,952,992</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,873,596 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NCE (“Export Credit Notes”) </span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">108,401</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">105,865 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NCR (“Rural Credit Notes”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,513,161</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,520,478 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">CPR ("Rural Product Notes")</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,057,025</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,472,697 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ECO INVEST – Agroindustrial Credit</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">329,501</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">334,422 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">90,235,107</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">93,828,907</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1) The fair value presented in the Financial Statements as of December 31, 2025 did not include one of the 2029 Bond series, in the amount of R$ 5,568,313. Considering the inclusion of this amount, the fair value previously reported as of December 31,2025, in the amount of R$ 36,655,663, was revised to R$ 42,223,976.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The book values of loans and financing are disclosed in Note 22.1.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Management considers that, for its other financial assets and liabilities measured at amortized cost, their book values approximate their fair values, and therefore the fair value information is not being presented.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i7067afcbf9524a2ba0c522c15e60ec81"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.2 Liquidity risk management</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">As disclosed in the financial statements for the year ended December 31, 2025 (Note 4), the Company’s purpose is to maintain a strong cash and marketable securities position to meet its financial and operating commitments. The amount held in cash is intended to cover the expected outflows in the normal course of its operations, while the cash surplus is generally invested in highly liquid financial investments according to the Cash Management Policy.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The cash position is monitored by the Company’s Management, by means of management reports and participation in performance meetings with determined frequencies. During the six-month period ended June 30, 2026, the variations in cash and marketable securities were as expected, and the cash generated from operations was mostly used for investments and debt service.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">All derivative financial instruments were traded over the counter and do not require deposit guarantee margins.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The remaining contractual maturities of financial liabilities are presented as of the balance sheet date. The amounts as set forth below consist of undiscounted cash flow, and include interest payments and exchange rate variations, and therefore may not reconcile with the amounts disclosed in the balance sheet.</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:30.176%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.373%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.808%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.660%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.086%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.086%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Book value</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Undiscounted cash flow</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Up to 1 year</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1 - 2 years</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2 - 5 years</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">More than 5 years</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Liabilities</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Trade accounts payables</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,585,058</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,585,058</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,585,058</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Loans, financing and debentures </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">92,706,122</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">134,223,634</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">7,906,339</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">10,168,812</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">58,381,990</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">57,766,493</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Lease liabilities</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,707,418</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,054,041</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,043,989</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,232,081</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,099,943</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,678,028</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Derivative financial instruments </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">8,438,336</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">14,377,544</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,200,050</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,094,962</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,294,846</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">7,787,686</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Dividends payable</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">7,352</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">7,352</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">7,352</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Other liabilities</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">318,169</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">336,692</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">141,414</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">162,111</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">33,167</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">113,762,455</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">166,584,321</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,884,202</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,657,966</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">65,809,946</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">71,232,207</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:30.176%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.373%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.808%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.660%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.086%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.086%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Book <br/>value</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Undiscounted cash flow</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Up to 1 year</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1 - 2 years</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2 - 5 years</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">More than 5 years</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Liabilities</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Trade accounts payables</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,141,386 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,141,386 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,141,386 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Loans, financing and debentures </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">94,801,257 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">136,586,565 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,690,098 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">16,894,643 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">46,428,491 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">67,573,333 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Lease liabilities</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">6,929,890 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">13,281,230 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2,761,632 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,235,951 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,161,325 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">6,122,322 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Derivative financial instruments </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">9,341,349 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">13,741,567 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,139,273 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">849,920 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,815,705 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">7,936,669 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Dividends payable</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,393,121 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,393,121 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,393,121 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Other liabilities</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">236,724 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">256,992 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">69,458 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">111,323 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">76,211 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">117,843,727</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">170,400,861</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,194,968</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">19,091,837</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">53,481,732</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">81,632,324</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i3b6be655b4044b82808d06cebdee5ad0"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.3 Credit risk management</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In the six-month period ended June 30, 2026, there were no significant changes in the credit risk management policies compared to those disclosed in the annual financial statements for the year ended of December 31, 2025 (Note 4).</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i6c7f8c408cb141478d934352d83acd73"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.4 Market risk management</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In the six-month period ended June 30, 2026, there were no significant changes in the market risk management policies and procedures compared to those disclosed in the annual financial statements for the year ended December 31, 2025 (Note 4).</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="ic357dceb862e462ea7688925636165a9"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.4.1 Exchange rate risk management</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">As disclosed in the financial statements for the year ended December 31, 2025 (Note 4), the Company enters into US$ selling transactions in the futures markets, including strategies involving options, to ensure attractive levels of operating margins for a portion of revenue. Such transactions are limited to a percentage of the net surplus foreign currency over a 24-months’ time horizon and therefore, are matched to the availability of currency for sale in the short term. </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Additionally, the Company enters into derivative financial instruments linked to the U.S. dollar in order to align the foreign exchange index of its debt with the currency in which it generates cash flows, in accordance with its financial risk management policies. The assets and liabilities exposed to foreign currency risk, substantially denominated in U.S. dollars (US$), are presented below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.581%"><tr><td style="width:1.0%"></td><td style="width:33.864%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.439%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.519%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.439%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.807%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.439%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.443%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Sensitivity analysis<br/>Exchange rate risk (Effect on profit or loss)                </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Base value<br/>Probable<br/>06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Possible (25%)</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Remote (50%)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balance as of 12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cash and cash equivalents</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,364,448</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3,591,112)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(7,182,224)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,919,897 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Marketable securities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,241</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,310)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,621)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">427,329 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trade accounts receivable</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,461,604</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,115,401)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,230,802)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,705,509 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trade accounts payable</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,280,825)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(320,206)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(640,413)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,075,590)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans and financing</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(65,052,093)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(16,263,023)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(32,526,047)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(70,357,356)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other liabilities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(64,223)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(16,056)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(32,112)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(66,446)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative financial instruments</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative options</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,628,095</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,063,302)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8,199,075)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">979,706 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative swaps</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">543,741</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3,953,051)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(7,831,912)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(851,428)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative Non-Deliverable Forward (‘NDF’) Contracts</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,623</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(309,749)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(619,527)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">24,355 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Embedded derivatives</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">157,605</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(156,499)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(312,997)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">112,058 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Commodity Derivatives</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">130,992</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(32,700)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(65,438)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(34,379)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For market risk analysis, the Company uses scenarios to evaluate both its asset and liability positions in foreign currency, and the possible effects on its results. The probable scenario represents the amounts recognized, as they reflect the conversion into Brazilian Reais on the balance sheet date (R$ to US$ = R$5.1766</span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">). </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the calculation of the mark-to-market (“MtM”) price, the exchange rate of the last business day of the period is used. </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">This analysis below assumes that all other variables, particularly the interest rates, remain constant. The other scenarios considered the variation of the Brazilian Real against the US$ by 25% and 50%, before taxes, based on the base scenario on June 30, 2026.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="ibbbfe64be39a4e729917c088d72ee813"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.4.2 Interest rate risk management</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Fluctuations in interest rates could increase or reduce the costs of new loans and existing contracted operations.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company is constantly looking for alternatives for the use of financial instruments in order to avoid negative impacts on its cash flow due to fluctuations in interest rates in Brazil or abroad.</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.050%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.967%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.967%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.967%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.967%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.073%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.077%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Sensitivity analysis<br/>Interest rate risk (Effect on profit or loss)</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Base value<br/>Probable<br/>06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Possible (25%)</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Remote (50%)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balance as of 12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">CDI/SELIC</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cash and cash equivalents</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,232,448</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(78,973)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(157,946)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,204,403 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Marketable securities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,614,276</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(269,355)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(538,710)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,917,258 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans and financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,700,076</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(307,765)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(615,530)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,825,045 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative financial instruments</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative options</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,628,095</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(609,083)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,158,047)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">979,705 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative swaps</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">544,013</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(531,912)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(927,379)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(851,428)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">TJLP</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans and financing</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">57,391</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,310)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,620)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">101,302 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#0e32e1;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">IPCA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Marketable securities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,298,973</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(15,328)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(30,656)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,274,439 </span></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans and financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">15,012,319</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(177,145)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(354,291)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,845,274 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">SOFR</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans and financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22,605,366</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(207,969)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(415,939)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">25,195,489 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative swaps</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,096,611</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(207,859)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(334,947)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(851,428)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For its market risk analysis, the Company uses scenarios to evaluate the sensitivity of changes in operations impacted by the following rates: Interbank Deposit Rate (“CDI”), Long Term Interest Rate (“TJLP”), Long Term Rate ("TLP"), Special System for Settlement and Custody (“SELIC”) and SOFR, which could impact the results. The probable scenario represents the amounts already booked, as they reflect Management’s best estimates.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">This analysis assumes that all other variables, particularly exchange rates, will remain constant. The other scenarios considered a exposure of 25% and 50% in market interest rates before taxes. </span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i1c1aa178533a40fd9a9ef605ce9f7eac"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.4.2.1 Sensitivity analysis to changes in the consumer price indices of the US economy </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the measurement of the probable scenario, the United States Consumer Price Index (“US-CPI”) was considered on June 30, 2026. The probable scenario was extrapolated considering a appreciation of 25% and 50% in the US-CPI to define the possible and remote scenarios, respectively.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following table sets out the possible impacts, assuming these scenarios in absolute amounts:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:51.697%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="9" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Effect on profit or loss</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Probable (base value)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Possible (25%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Remote (50%)</span></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Embedded derivative in a commitment to purchase standing wood, originating from a forest partnership agreement</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">157,605</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(29,195)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(62,303)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i26a232107ba44530ae3f73980d745cb1"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.4.3 Pulp and commodity price risk management</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company is exposed to the selling price of pulp and commodity prices in the international market. The dynamics of rising and falling production capacities in the global market and macroeconomic conditions may impact the Company´s operating results.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Through a specialized team, the Company monitors hardwood pulp prices and analyses future trends, adjusting the forecasts aimed at assisting with preventive measures to calculate the different scenarios. There is no sufficiently liquid financial market to mitigate the risk of a material portion of the Company’s operations. Hardwood pulp price protection instruments available on the market have low liquidity and low volume, and high levels of distortion in price formation. </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company is also exposed to international oil prices, reflected in logistical costs for selling in the export market, and indirectly in the costs of other supply, logistics and service contracts. In such cases, the Company evaluates whether to contract derivative financial instruments to mitigate the risk of price variations in its results, in accordance with the Company's hedging policy.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="ib8254c01d49c43a98c3b7970b4243680"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.5 Derivative financial instruments</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company determines the fair value of derivative contracts, which differ from the amounts realized in the event of early settlement due to bank spreads and market factors at the time of quotation. The amounts presented by the Company are based on an estimate using market factors and use data provided by third parties, measured internally and compared to calculations performed by external consultants and by counterparties.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Details of derivative financial instruments and their respective calculation methodologies are disclosed in the annual financial statements for the year ended December 31, 2025 (Note 4).</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i4a11605b459c4cf4a18d8e6c90c90f10"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.5.1 Outstanding derivatives by contract type, including embedded derivatives</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The positions of outstanding derivatives are set forth below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:34.194%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.512%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.242%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.669%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.242%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.676%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Notional value </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fair value in R$</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Currency</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Debt hedges</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to Fixed</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,461,936</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,788,534 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,822,436</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,525,172 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap SOFR to Fixed </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,397,482</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,400,260 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">633,912</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">492,458 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap IPCA to CDI</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,035,766</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,059,169 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,952,663</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,549,779 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Pre-fixed Swap to CDI </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,000,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,400,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,615,886</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,562,789 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to SOFR</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,399,600</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,399,600 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">935,720</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">915,431 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap RMB to Fixed</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">RMB</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,600,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,600,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">563,808</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">509,116 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,524,425</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,554,745 </span></div></td><td style="background-color:#ececec;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to Fixed </span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,345,530</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,635,783 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,204,533)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,686,614)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap SOFR to Fixed </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,397,482</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,400,260 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(385,121)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(400,210)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap IPCA to CDI</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">13,032,960</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,466,620 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,728,045)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,210,556)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Pre-fixed Swap to CDI </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,000,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,400,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,394,042)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,554,427)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to SOFR</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">660,171</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">660,171 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(823,919)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,080,537)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap RMB to Fixed</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">362,736</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">362,736 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(445,024)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(473,828)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(7,980,684)</span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8,406,172)</span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">543,741</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(851,427)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cash flow hedge</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Zero Cost Collar (US$ x R$)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,612,500</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,156,400 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,628,095</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">979,705 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NDF (R$ x US$)</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">230,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">90,000 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,623</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">24,355 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,633,718</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,004,060 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Commodity Hedge and other</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap US-CPI (standing wood)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">148,846</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">153,342 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">157,605</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">112,058 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Zero Cost Collar (Brent)</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">281,797</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">359,677 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">130,992</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(33,279)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap VLSFO/Brent</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,217 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,100)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">288,597</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">77,679 </span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,466,056</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">230,312 </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:41.511%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.673%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.673%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.673%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.678%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current assets</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,109,949</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,556,978 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Non-current assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,794,443</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,014,683 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current liabilities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,164,069)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,205,029)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Non-current liabilities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(7,274,267)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8,136,320)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,466,056</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">230,312</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The notional amounts reflect exclusively the remaining months of the hedge and do not include the financial settlements that remain outstanding for the subsequent period.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The embedded derivative refers to a swap contract for the sale of price variations in US$ and US-CPI within the term of a forest partnership with a standing wood supply contract.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The variation in the fair values of derivatives on June 30, 2026 compared to the fair values measured on December 31, 2025 are explained substantially by the appreciation of the Brazilian Real against the US$ and by settlements during the period. There were also impacts caused by the variations in the Pre Fixed, Foreign Exchange Coupon and SOFR curves in the operations.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">It is important to highlight that the outstanding agreements on June 30, 2026 are over-the-counter market operations, without any type of collateral margin or forced early settlement clause due to variations from market marking.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="iecf50f0754e64443b71c05487de98148"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.5.2 Fair Value Maturity Schedule (net amounts)</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2026</span></div></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">696,861</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">351,949 </span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2027</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,101,698</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">674,290 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2028</span></div></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">313,412</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">96,273 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2029 onwards</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">354,085</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(892,200)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,466,056</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">230,312</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span><br/></span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i9ee6052f9f6f48d9b8a9da742b532b2f"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.5.3 Fair value settled amounts</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The settled derivatives positions are set forth below:</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cash flow hedge</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Zero Cost Collar (US$)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">455,245</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,922 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NDF (US$)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">75,956</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(15,388)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NDF (€ x US$)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(26)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:10pt;text-align:justify;text-indent:9pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">531,201</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,492)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Commodity Hedge and other</span></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Zero Cost Collar (Brent)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">194,587</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(712)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">194,587</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(712)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Debt hedges</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to Fixed (US$)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">333,412</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">408,373 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap IPCA to CDI (Brazilian Reais)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(242,393)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(321,139)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap Pre-Fixed to CDI</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(303,983)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap RMB to fixed US$</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(16,455)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap SOFR to SOFR (US$)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,504 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to SOFR (US$)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">207,410</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">212,326 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap SOFR to Fixed (US$)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">45,969</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">252,250 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:10pt;text-align:justify;text-indent:9pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">40,415</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">536,859</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:10pt;text-align:justify;text-indent:9pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">766,203</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">530,655</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i7ffb548598344e5b92a120f1d2669d98"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.6 Cybersecurity</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Suzano has a Public Information Security Policy, which aims to establish guidelines regarding cyber security management and controls at Suzano, seeking to mitigate vulnerabilities, preserve and protect assets, mainly information and personal data, in accordance with current laws, regulations and contractual obligations, covering the confidentiality, integrity, availability, authenticity and legality of information. The Policy establishes responsibilities to avoid damages, which may represent financial impacts, image and reputation, exposure of information, interruption of operations, among other damages due to cyber-attacks.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the six-month period ended June 30, 2026, no material incidents associated with cybersecurity were identified that could affect the confidentiality, integrity and/or availability of the systems used by the Company.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i92799756271840e49dee677e4a097f01"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.7 Climate change</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In the annual financial statements for the year ended December 31, 2025, the Company disclosed information on the risks and opportunities related to climate change and its sustainability strategy. In the six-month period ended June 30, 2026, there were no significant changes in these risks. The update, during the period, to the status of sustainability targets linked to financial instruments—reflecting the achievement of the target for women in leadership positions and the non‑achievement of the GHG emissions intensity target—resulted mainly in the application of a 25‑basis‑point step‑up in the interest rate of the 2031 SLB, from 3.75% to 4.00%, effective June 16, 2026. The water withdrawal intensity target remains under measurement, with verification expected by the end of the 2026 fiscal year.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i0453021a847940e98ad0467f40f97d0b"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.8 Capital management</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The main objective is to strengthen the Company’s capital structure, aiming to maintain an appropriate level of financial leverage while mitigating risks that could affect the availability of capital for business development.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company continuously monitors significant indicators, such as consolidated financial leverage, which is the ratio of total net debt to adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (“Adjusted EBITDA”).</span></div> <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">All transactions with financial instruments are recognized for accounting purposes and classified in the following categories:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:59.445%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Note</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Assets</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Amortized cost </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cash and cash equivalents</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,645,571</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">15,179,753 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trade accounts receivable</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,214,486</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,560,607 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other assets </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">610,974</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">595,069 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">23,471,031</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22,335,429</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fair value through other comprehensive income</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">18.1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">862,512</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">901,181 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">862,512</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">901,181</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fair value through profit or loss</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative financial instruments </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.5.1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,904,392</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,571,661 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Marketable securities </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,972,011</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,252,454 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">21,876,403</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">19,824,115</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">46,209,946</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">43,060,725</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Liabilities</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Amortized cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trade accounts payable</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">21</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,585,058</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,141,386 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans, financing and debentures</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22.1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">92,706,122</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">94,801,257 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Lease liabilities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">23.2</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,707,418</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,929,890 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Dividends payable</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,352</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,393,121 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other liabilities </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">318,169</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">236,724 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">105,324,119</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">108,502,378</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fair value through profit or loss</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:-4.8pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative financial instruments </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.5.1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,438,336</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,341,349 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,438,336</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,341,349</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">113,762,455</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">117,843,727</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">67,552,509</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">74,783,002</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Includes only items classified as financial instruments.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Investments in publicly traded companies are classified as Level 1 in the fair value hierarchy and total R$ 830,281 as of June 30, 2026 (R$ 865,986 as of December 31, 2025). Investments in privately held companies are classified as Level 3 and total R$32,231 as of June 30, 2026 (R$35,195 as of December 31, 2025).</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Financial instruments classified as Level 2 in the fair value hierarchy.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Government securities are financial instruments classified as Level 1 in the fair value hierarchy and total R$ 1,298,973 as of June 30, 2026 (R$1,274,439 as of December 31, 2025). Private securities, investment funds, and other financial investments are classified as Level 2 in the fair value hierarchy and total R$ 8,673,038 as of June 30, 2026 (R$8,978,015 as of December 31, 2025).</span></div> 16645571000 15179753000 6214486000 6560607000 610974000 595069000 23471031000 22335429000 862512000 901181000 862512000 901181000 11904392000 9571661000 9972011000 10252454000 21876403000 19824115000 46209946000 43060725000 5585058000 5141386000 92706122000 94801257000 6707418000 6929890000 7352000 1393121000 318169000 236724000 105324119000 108502378000 8438336000 9341349000 8438336000 9341349000 113762455000 117843727000 67552509000 74783002000 830281000 865986000 32231000 35195000 1298973000 1274439000 8673038000 8978015000 <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The estimated fair values of loans and financing are set forth below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:51.697%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Yield used to discount/methodology</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Quoted in the secondary market</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In foreign currency</span></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.42pt;padding-right:0.42pt;text-align:center"><span><br/></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:36pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Bonds</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Secondary Market</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">38,944,092</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">42,223,976 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Estimated present value</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In foreign currency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Export credits (“Prepayment”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,555,562</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">18,404,795 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Assets Financing</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">217,792</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">277,172 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">IFC - International Finance Corporation</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,338,833</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,442,675 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ECA - Export Credit Agency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,857,691</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,979,202 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Panda Bonds - CNY</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fixed</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,949,727</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,964,329 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In local currency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – TJLP</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">53,487</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">95,167 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – TLP</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,150,753</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,193,766 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – Fixed</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">38,822</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – TR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">84,934</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">90,356 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – Selic (“Special Settlement and Custody System”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">767,119</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">547,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES – UMBNDES</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">272,738</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">253,500 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Assets Financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">42,477</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">49,911 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Debentures</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1/IPCA</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,952,992</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,873,596 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NCE (“Export Credit Notes”) </span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">108,401</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">105,865 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NCR (“Rural Credit Notes”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,513,161</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,520,478 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">CPR ("Rural Product Notes")</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,057,025</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,472,697 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ECO INVEST – Agroindustrial Credit</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">DI 1</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">329,501</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">334,422 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">90,235,107</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">93,828,907</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1) The fair value presented in the Financial Statements as of December 31, 2025 did not include one of the 2029 Bond series, in the amount of R$ 5,568,313. Considering the inclusion of this amount, the fair value previously reported as of December 31,2025, in the amount of R$ 36,655,663, was revised to R$ 42,223,976.</span></div> Secondary Market 38944092000 42223976000 SOFR 16555562000 18404795000 SOFR 217792000 277172000 SOFR 5338833000 5442675000 SOFR 1857691000 1979202000 1979202000 Fixed 1949727000 1964329000 DI 1 53487000 95167000 DI 1 4150753000 4193766000 DI 1 38822000 DI 1 84934000 90356000 90356000 DI 1 767119000 547000000 DI 1 272738000 253500000 DI 1 42477000 49911000 DI 1/IPCA 10952992000 10873596000 DI 1 108401000 105865000 DI 1 5513161000 5520478000 DI 1 3057025000 1472697000 DI 1 329501000 334422000 90235107000 93828907000 5568313000 36655663000 42223976000 <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:30.176%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.373%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.808%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.660%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.086%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.086%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Book value</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Undiscounted cash flow</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Up to 1 year</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1 - 2 years</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2 - 5 years</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">More than 5 years</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Liabilities</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Trade accounts payables</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,585,058</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,585,058</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,585,058</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Loans, financing and debentures </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">92,706,122</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">134,223,634</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">7,906,339</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">10,168,812</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">58,381,990</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">57,766,493</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Lease liabilities</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,707,418</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,054,041</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,043,989</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,232,081</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,099,943</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,678,028</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Derivative financial instruments </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">8,438,336</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">14,377,544</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,200,050</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,094,962</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,294,846</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">7,787,686</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Dividends payable</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">7,352</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">7,352</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">7,352</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Other liabilities</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">318,169</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">336,692</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">141,414</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">162,111</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">33,167</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">113,762,455</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">166,584,321</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,884,202</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,657,966</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">65,809,946</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">71,232,207</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:30.176%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.373%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.808%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.660%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.086%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.086%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Book <br/>value</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Undiscounted cash flow</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Up to 1 year</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1 - 2 years</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2 - 5 years</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">More than 5 years</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Liabilities</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Trade accounts payables</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,141,386 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,141,386 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,141,386 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Loans, financing and debentures </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">94,801,257 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">136,586,565 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,690,098 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">16,894,643 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">46,428,491 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">67,573,333 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Lease liabilities</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">6,929,890 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">13,281,230 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2,761,632 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,235,951 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,161,325 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">6,122,322 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Derivative financial instruments </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">9,341,349 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">13,741,567 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,139,273 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">849,920 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,815,705 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">7,936,669 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Dividends payable</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,393,121 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,393,121 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,393,121 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Other liabilities</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">236,724 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">256,992 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">69,458 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">111,323 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">76,211 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">117,843,727</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">170,400,861</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,194,968</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">19,091,837</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">53,481,732</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">81,632,324</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 5585058000 5585058000 5585058000 92706122000 134223634000 7906339000 10168812000 58381990000 57766493000 6707418000 12054041000 2043989000 1232081000 3099943000 5678028000 8438336000 14377544000 1200050000 1094962000 4294846000 7787686000 7352000 7352000 7352000 318169000 336692000 141414000 162111000 33167000 113762455000 166584321000 16884202000 12657966000 65809946000 71232207000 5141386000 5141386000 5141386000 94801257000 136586565000 5690098000 16894643000 46428491000 67573333000 6929890000 13281230000 2761632000 1235951000 3161325000 6122322000 9341349000 13741567000 1139273000 849920000 3815705000 7936669000 1393121000 1393121000 1393121000 236724000 256992000 69458000 111323000 76211000 117843727000 170400861000 16194968000 19091837000 53481732000 81632324000 P24M <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Additionally, the Company enters into derivative financial instruments linked to the U.S. dollar in order to align the foreign exchange index of its debt with the currency in which it generates cash flows, in accordance with its financial risk management policies. The assets and liabilities exposed to foreign currency risk, substantially denominated in U.S. dollars (US$), are presented below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.581%"><tr><td style="width:1.0%"></td><td style="width:33.864%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.439%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.519%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.439%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.807%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.439%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.443%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Sensitivity analysis<br/>Exchange rate risk (Effect on profit or loss)                </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Base value<br/>Probable<br/>06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Possible (25%)</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Remote (50%)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balance as of 12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cash and cash equivalents</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,364,448</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3,591,112)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(7,182,224)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,919,897 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Marketable securities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,241</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,310)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,621)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">427,329 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trade accounts receivable</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,461,604</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,115,401)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,230,802)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,705,509 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trade accounts payable</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,280,825)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(320,206)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(640,413)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,075,590)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans and financing</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(65,052,093)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(16,263,023)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(32,526,047)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(70,357,356)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other liabilities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(64,223)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(16,056)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(32,112)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(66,446)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative financial instruments</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative options</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,628,095</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,063,302)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8,199,075)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">979,706 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative swaps</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">543,741</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3,953,051)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(7,831,912)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(851,428)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative Non-Deliverable Forward (‘NDF’) Contracts</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,623</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(309,749)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(619,527)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">24,355 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Embedded derivatives</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">157,605</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(156,499)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(312,997)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">112,058 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Commodity Derivatives</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">130,992</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(32,700)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(65,438)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(34,379)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 14364448000 -3591112000 -7182224000 11919897000 9241000 -2310000 -4621000 427329000 4461604000 -1115401000 -2230802000 4705509000 1280825000 320206000 640413000 1075590000 65052093000 16263023000 32526047000 70357356000 64223000 16056000 32112000 66446000 2628095000 -4063302000 -8199075000 979706000 543741000 -3953051000 -7831912000 -851428000 5623000 -309749000 -619527000 24355000 157605000 -156499000 -312997000 112058000 130992000 -32700000 -65438000 -34379000 5.1766 0.25 0.50 <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.050%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.967%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.967%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.967%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.967%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.073%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.077%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Sensitivity analysis<br/>Interest rate risk (Effect on profit or loss)</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Base value<br/>Probable<br/>06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Possible (25%)</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Remote (50%)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balance as of 12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">CDI/SELIC</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cash and cash equivalents</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,232,448</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(78,973)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(157,946)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,204,403 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Marketable securities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,614,276</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(269,355)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(538,710)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,917,258 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans and financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,700,076</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(307,765)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(615,530)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,825,045 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative financial instruments</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative options</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,628,095</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(609,083)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,158,047)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">979,705 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative swaps</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">544,013</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(531,912)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(927,379)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(851,428)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">TJLP</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans and financing</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">57,391</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,310)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,620)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">101,302 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#0e32e1;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">IPCA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Marketable securities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,298,973</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(15,328)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(30,656)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,274,439 </span></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans and financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">15,012,319</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(177,145)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(354,291)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,845,274 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">SOFR</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans and financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22,605,366</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(207,969)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(415,939)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">25,195,489 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative swaps</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,096,611</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(207,859)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(334,947)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(851,428)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following table sets out the possible impacts, assuming these scenarios in absolute amounts:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:51.697%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="9" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Effect on profit or loss</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Probable (base value)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Possible (25%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Remote (50%)</span></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Embedded derivative in a commitment to purchase standing wood, originating from a forest partnership agreement</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">157,605</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(29,195)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(62,303)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 2232448000 -78973000 -157946000 3204403000 7614276000 -269355000 -538710000 7917258000 8700076000 -307765000 -615530000 8825045000 2628095000 -609083000 -1158047000 979705000 544013000 -531912000 -927379000 -851428000 57391000 -1310000 -2620000 101302000 1298973000 -15328000 -30656000 1274439000 15012319000 -177145000 -354291000 11845274000 22605366000 -207969000 -415939000 25195489000 1096611000 -207859000 -334947000 -851428000 0.25 0.50 0.25 0.50 157605000 -29195000 -62303000 <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The positions of outstanding derivatives are set forth below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:34.194%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.512%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.242%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.669%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.242%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.676%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Notional value </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fair value in R$</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Currency</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Debt hedges</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to Fixed</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,461,936</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,788,534 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,822,436</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,525,172 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap SOFR to Fixed </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,397,482</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,400,260 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">633,912</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">492,458 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap IPCA to CDI</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,035,766</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,059,169 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,952,663</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,549,779 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Pre-fixed Swap to CDI </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,000,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,400,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,615,886</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,562,789 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to SOFR</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,399,600</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,399,600 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">935,720</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">915,431 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap RMB to Fixed</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">RMB</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,600,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,600,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">563,808</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">509,116 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,524,425</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,554,745 </span></div></td><td style="background-color:#ececec;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to Fixed </span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,345,530</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,635,783 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,204,533)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,686,614)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap SOFR to Fixed </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,397,482</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,400,260 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(385,121)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(400,210)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap IPCA to CDI</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">13,032,960</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,466,620 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,728,045)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,210,556)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Pre-fixed Swap to CDI </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">BRL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,000,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,400,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,394,042)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,554,427)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to SOFR</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">660,171</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">660,171 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(823,919)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,080,537)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap RMB to Fixed</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">362,736</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">362,736 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(445,024)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(473,828)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(7,980,684)</span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8,406,172)</span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">543,741</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(851,427)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cash flow hedge</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Zero Cost Collar (US$ x R$)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,612,500</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,156,400 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,628,095</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">979,705 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NDF (R$ x US$)</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">230,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">90,000 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,623</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">24,355 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,633,718</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,004,060 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Commodity Hedge and other</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap US-CPI (standing wood)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"> (2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">148,846</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">153,342 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">157,605</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">112,058 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Zero Cost Collar (Brent)</span></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">281,797</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">359,677 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">130,992</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(33,279)</span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap VLSFO/Brent</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:100%">USD</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,217 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,100)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">288,597</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">77,679 </span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,466,056</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">230,312 </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:41.511%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.673%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.673%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.673%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.678%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current assets</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,109,949</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,556,978 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Non-current assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,794,443</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,014,683 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current liabilities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,164,069)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,205,029)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Non-current liabilities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(7,274,267)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8,136,320)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,466,056</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">230,312</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The notional amounts reflect exclusively the remaining months of the hedge and do not include the financial settlements that remain outstanding for the subsequent period.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The embedded derivative refers to a swap contract for the sale of price variations in US$ and US-CPI within the term of a forest partnership with a standing wood supply contract.</span></div> 12461936000 8788534000 2822436000 2525172000 2397482000 2400260000 633912000 492458000 14035766000 11059169000 1952663000 1549779000 2000000000 2400000000 1615886000 1562789000 3399600000 3399600000 935720000 915431000 2600000000 2600000000 563808000 509116000 8524425000 7554745000 2345530000 1635783000 -2204533000 -2686614000 2397482000 2400260000 -385121000 -400210000 13032960000 10466620000 -2728045000 -2210556000 2000000000 2400000000 -1394042000 -1554427000 660171000 660171000 -823919000 -1080537000 362736000 362736000 -445024000 -473828000 -7980684000 -8406172000 543741000 -851427000 4612500000 6156400000 2628095000 979705000 230000000 90000000 5623000 24355000 2633718000 1004060000 148846000 153342000 157605000 112058000 281797000 359677000 130992000 -33279000 1217000 -1100000 288597000 77679000 3466056000 230312000 3109949000 1556978000 8794443000 8014683000 1164069000 1205029000 7274267000 8136320000 3466056000 230312000 <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2026</span></div></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">696,861</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">351,949 </span></div></td><td style="background-color:#ececec;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2027</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,101,698</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">674,290 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2028</span></div></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">313,412</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">96,273 </span></div></td><td style="background-color:#ececec;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2029 onwards</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">354,085</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(892,200)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,466,056</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">230,312</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 696861000 351949000 2101698000 674290000 313412000 96273000 354085000 -892200000 3466056000 230312000 <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The settled derivatives positions are set forth below:</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cash flow hedge</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Zero Cost Collar (US$)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">455,245</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,922 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NDF (US$)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">75,956</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(15,388)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">NDF (€ x US$)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(26)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:10pt;text-align:justify;text-indent:9pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">531,201</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,492)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Commodity Hedge and other</span></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Zero Cost Collar (Brent)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">194,587</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(712)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">194,587</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(712)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Debt hedges</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to Fixed (US$)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">333,412</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">408,373 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap IPCA to CDI (Brazilian Reais)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(242,393)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(321,139)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap Pre-Fixed to CDI</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(303,983)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap RMB to fixed US$</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(16,455)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap SOFR to SOFR (US$)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,504 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap CDI to SOFR (US$)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">207,410</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">212,326 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Swap SOFR to Fixed (US$)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">45,969</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">252,250 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:10pt;text-align:justify;text-indent:9pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">40,415</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">536,859</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:10pt;text-align:justify;text-indent:9pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">766,203</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">530,655</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 455245000 9922000 75956000 -15388000 -26000 531201000 -5492000 194587000 -712000 194587000 -712000 333412000 408373000 -242393000 -321139000 -303983000 -16455000 1504000 207410000 212326000 45969000 252250000 40415000 536859000 766203000 530655000 0.0375 0.0400 <div style="margin-bottom:11pt"><span id="i0e7875a905d4477f940649f16adb9518"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">5 SEGMENT INFORMATION </span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i8fc1010f6a934a5ca8a9c5afd367ad2a"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5.1 Criteria for identifying operating segments </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Board of Directors and Board of Statutory Executive Officers evaluate the performance of the Company’s business segments through the Adjusted EBITDA. </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The operating segments defined by the Company’s management are set forth below:</span></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:120%">i)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:18.75pt">Pulp: comprised of the production and sale of hardwood eucalyptus pulp and fluff pulp, mainly to supply the foreign market.</span></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ii)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:16.17pt">Paper: comprises the production and sale of paper to meet the demands of both the domestic and foreign markets. Consumer goods (tissue) sales are classified under this segment due to their immateriality.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Information related to total assets by reportable segment is not disclosed, as it is not included in the set of information made available to the Company’s management, which makes investment decisions and determines the allocation of resources on a consolidated basis.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In addition, with respect to geographical information related to non-current assets, the Company does not disclose such information, as all property, plant and equipment, biological and intangible assets are substantially in Brazil.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="icb21a8eddbd9424892ea95ef4bb70387"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5.2 Information of operating segments</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:51.697%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Pulp</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Paper</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net sales </span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,101,601</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,456,948</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22,558,549</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Domestic market (Brazil)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">855,842</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,517,002</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,372,844</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign market</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,245,759</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,939,946</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">18,185,705</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cost of sales</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(12,568,020)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(4,001,021)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,569,041)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Adjusted EBITDA</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,240,312</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,044,439</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,284,751</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Adjustments to EBITDA (*)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,218,270</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation, depletion and amortization</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,939,254)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial result</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,606,016</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net income before taxes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,169,783</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:51.697%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Pulp</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Paper</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net sales </span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">18,899,505</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,949,311</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">24,848,816</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Domestic market (Brazil)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">934,903 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,487,753 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,422,656 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign market</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17,964,602 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,461,558 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">20,426,160 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cost of sales</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(12,240,678)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(4,096,613)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,337,291)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Adjusted EBITDA</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,632,109 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,321,083 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,953,192 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Adjustments to EBITDA (*)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(482,327)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation, depletion and amortization</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(5,336,686)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial result</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">12,121,178 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net income before taxes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,255,357</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:74.796%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.381%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(*) Adjustments to EBITDA </span></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair Value - Biological Asset </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,157,728</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(73,248)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loss from associates and joint ventures</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(25,596)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(189,082)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Impairment of subsidiaries </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(76,066)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Income (loss) on disposal and write-off of non-current assets</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">188,297</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(48,033)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Provision)/Reversals for losses on ICMS credits (note 13.1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,856</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(83,940)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Expenses on Asset Acquisition and Business Combinations </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(59,211)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(9,197)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Restructuring expenses </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(44,441)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(50)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Others </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,363)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,711)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,218,270</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(482,327)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div><span><br/></span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers to the impairment of the investment in the subsidiary Suzano Finland Oy, as detailed in Note 18.3.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Acquisition-related costs associated with business combinations, including fees paid to external advisors and professional service providers, such as legal, accounting, valuation and other consulting services, administrative expenses related to acquisition processes, and other costs directly attributable to the execution of such transactions.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Costs incurred directly in connection with restructuring initiatives, including changes to the management, administrative, and organizational structure, and costs associated with the discontinuation of operations.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">It includes items with specific, non-cash and exceptional adjustments, such as: i) effective loss of the development contract advance program; (ii) write-off of stacked wood inventory; and (iii) extemporaneous tax credits.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i4c03bfe1264443a5ae8d7c85b2f85483"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5.3 Net sales by product</span></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Products</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Market pulp </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,101,601</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">18,899,505 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Printing and writing paper </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,691,432</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,912,113 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Paperboard</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,748,983</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,017,848 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,533</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">19,350 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22,558,549</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">24,848,816</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Net sales of fluff pulp represent 0.6% of total net sales, and therefore were included in market pulp net sales. (0.7% as at June 30, 2025).</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Net sales of tissue represent 6.3% of total net sales, and therefore were included in printing and writing paper net sales. (5.6% as at June 30, 2025).</span></div><div style="margin-bottom:15pt;padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="if11987a1d40a4cc8adcb7cd535a8d006"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5.3.1 Main customers </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">As of June 30, 2026, the Company has 1 (one) customer responsible for 12.25% of the net sales of pulp operating segment and 1 (one) customer responsible for 12.36% of the net sales of the paper operating segment. As of December 31, 2025 the Company had 1</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">(one) customer responsible</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">for 11.05%</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">of the net sales of pulp operating segment and 1</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">(one) customer responsible</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">for 12.45%</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">of the net sales of the paper operating segment.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="idedbe04ee443435b98358da8c156fe8a"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5.4 Goodwill based on expected future profitability</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The goodwill based on expected future profitability arising from the business combination was allocated to the disclosable segments, which correspond to the Company's cash-generating units (“CGUs”), considering the economic benefits generated by such intangible assets. The allocation of goodwill is set out below: </span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Pulp</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,897,051</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,897,051 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Paper</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">290,191</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">290,191 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,187,242</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,187,242</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:51.697%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Pulp</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Paper</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net sales </span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,101,601</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,456,948</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22,558,549</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Domestic market (Brazil)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">855,842</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,517,002</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,372,844</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign market</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,245,759</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,939,946</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">18,185,705</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cost of sales</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(12,568,020)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(4,001,021)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,569,041)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Adjusted EBITDA</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,240,312</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,044,439</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,284,751</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Adjustments to EBITDA (*)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,218,270</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation, depletion and amortization</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,939,254)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial result</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,606,016</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net income before taxes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,169,783</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:51.697%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Pulp</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Paper</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net sales </span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">18,899,505</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,949,311</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">24,848,816</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Domestic market (Brazil)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">934,903 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,487,753 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,422,656 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign market</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17,964,602 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,461,558 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">20,426,160 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cost of sales</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(12,240,678)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(4,096,613)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,337,291)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Adjusted EBITDA</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,632,109 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,321,083 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,953,192 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Adjustments to EBITDA (*)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(482,327)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation, depletion and amortization</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(5,336,686)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial result</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">12,121,178 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net income before taxes</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,255,357</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:74.796%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.381%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(*) Adjustments to EBITDA </span></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair Value - Biological Asset </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,157,728</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(73,248)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loss from associates and joint ventures</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(25,596)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(189,082)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Impairment of subsidiaries </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(76,066)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Income (loss) on disposal and write-off of non-current assets</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">188,297</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(48,033)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Provision)/Reversals for losses on ICMS credits (note 13.1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,856</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(83,940)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Expenses on Asset Acquisition and Business Combinations </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(59,211)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(9,197)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Restructuring expenses </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(44,441)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(50)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Others </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,363)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,711)</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,218,270</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(482,327)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div><span><br/></span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers to the impairment of the investment in the subsidiary Suzano Finland Oy, as detailed in Note 18.3.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Acquisition-related costs associated with business combinations, including fees paid to external advisors and professional service providers, such as legal, accounting, valuation and other consulting services, administrative expenses related to acquisition processes, and other costs directly attributable to the execution of such transactions.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Costs incurred directly in connection with restructuring initiatives, including changes to the management, administrative, and organizational structure, and costs associated with the discontinuation of operations.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">It includes items with specific, non-cash and exceptional adjustments, such as: i) effective loss of the development contract advance program; (ii) write-off of stacked wood inventory; and (iii) extemporaneous tax credits.</span></div> 17101601000 5456948000 22558549000 855842000 3517002000 4372844000 16245759000 1939946000 18185705000 12568020000 4001021000 16569041000 8240312000 1044439000 9284751000 -1218270000 5939254000 4606016000 9169783000 18899505000 5949311000 24848816000 934903000 3487753000 4422656000 17964602000 2461558000 20426160000 12240678000 4096613000 16337291000 9632109000 1321083000 10953192000 482327000 5336686000 12121178000 17255357000 -1157728000 73248000 -25596000 -189082000 -76066000 -188297000 48033000 -3856000 83940000 59211000 9197000 44441000 50000 2363000 2711000 -1218270000 482327000 <div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Products</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Market pulp </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,101,601</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">18,899,505 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Printing and writing paper </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,691,432</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,912,113 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Paperboard</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,748,983</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,017,848 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,533</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">19,350 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22,558,549</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">24,848,816</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Net sales of fluff pulp represent 0.6% of total net sales, and therefore were included in market pulp net sales. (0.7% as at June 30, 2025).</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Net sales of tissue represent 6.3% of total net sales, and therefore were included in printing and writing paper net sales. (5.6% as at June 30, 2025).</span></div> 17101601000 18899505000 3691432000 3912113000 1748983000 2017848000 16533000 19350000 22558549000 24848816000 0.006 0.007 0.063 0.056 12.25 12.36 11.05 12.45 The allocation of goodwill is set out below: <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Pulp</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,897,051</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,897,051 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Paper</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">290,191</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">290,191 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,187,242</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,187,242</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 7897051000 7897051000 290191000 290191000 8187242000 8187242000 <div style="margin-bottom:11pt"><span id="ieb5428217d3f41de8113659e33f0af09"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">6 NET SALES </span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Gross sales</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">28,438,831</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">30,029,696 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Sales deductions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Returns and cancellations</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(106,250)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(52,504)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Discounts and rebates</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(4,692,300)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,027,995)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">23,640,281</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">25,949,197 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Taxes on sales</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,081,732)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,100,381)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net sales </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22,558,549</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">24,848,816</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Gross sales</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">28,438,831</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">30,029,696 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Sales deductions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Returns and cancellations</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(106,250)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(52,504)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Discounts and rebates</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(4,692,300)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,027,995)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">23,640,281</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">25,949,197 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Taxes on sales</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,081,732)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,100,381)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net sales </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">22,558,549</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">24,848,816</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 28438831000 30029696000 106250000 52504000 4692300000 4027995000 23640281000 25949197000 1081732000 1100381000 22558549000 24848816000 <div style="margin-bottom:11pt"><span id="ide76357016cf469ab8a066dd31602472"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">7 INCOME (EXPENSES) BY NATURE </span></div><div style="margin-bottom:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cost of sales </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Personnel expenses</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,085,896)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,097,120)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Costs of raw materials, materials and services</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(6,498,110)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(6,748,782)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Logistics cost</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,688,905)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,990,033)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation, depletion and amortization</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,405,769)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,794,691)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(890,361)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(706,665)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,569,041)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,337,291)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Selling expenses</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Personnel expenses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(175,521)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(186,015)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Services</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(117,445)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(119,340)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Logistics cost</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(749,323)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(715,044)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation and amortization</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(488,109)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(484,083)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(34,793)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(88,650)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,565,191)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,593,132)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">General and administrative expenses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Personnel expenses</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(787,738)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(798,162)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Services</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(250,949)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(254,575)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation and amortization</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(69,327)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(62,524)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(131,412)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(205,756)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,239,426)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,321,017)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Other operating (expenses) income, net</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Results from sales of other products, net</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">52,617</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">52,044 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net result on disposal and write-off of non-current assets</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">188,297</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(124,099)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Result on fair value adjustment of biological assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,157,728</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(73,248)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation, amortization and other PPA realizations </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">23,951</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,612 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provision for judicial liabilities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(77,162)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(123,504)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other operating income, net</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">59,041</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(9,920)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,404,472</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(274,115)</span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">Includes R$812,232 related to maintenance downtime costing (R$441,639 as at June 30, 2025).</span></div><div style="padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">Includes expected credit losses, insurance, materials for use and consumption, travel, accommodation, trade fairs and events.</span></div><div style="padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">Includes, substantially corporate expenses, insurance, materials for use and consumption, social programs and donations, travel and accommodation.</span></div><div style="margin-bottom:15pt;padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">Refers, substantially, to the write-off of contingent liabilities assumed in Fibria's PPA as disclosed in note 24.1.</span></div> <div style="margin-bottom:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cost of sales </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Personnel expenses</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,085,896)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,097,120)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Costs of raw materials, materials and services</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(6,498,110)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(6,748,782)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Logistics cost</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,688,905)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,990,033)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation, depletion and amortization</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,405,769)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,794,691)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(890,361)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(706,665)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,569,041)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,337,291)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Selling expenses</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Personnel expenses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(175,521)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(186,015)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Services</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(117,445)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(119,340)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Logistics cost</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(749,323)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(715,044)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation and amortization</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(488,109)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(484,083)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(34,793)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(88,650)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,565,191)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,593,132)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">General and administrative expenses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Personnel expenses</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(787,738)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(798,162)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Services</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(250,949)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(254,575)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation and amortization</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(69,327)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(62,524)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(131,412)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(205,756)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,239,426)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,321,017)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Other operating (expenses) income, net</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Results from sales of other products, net</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">52,617</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">52,044 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net result on disposal and write-off of non-current assets</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">188,297</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(124,099)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Result on fair value adjustment of biological assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,157,728</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(73,248)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation, amortization and other PPA realizations </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">23,951</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,612 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provision for judicial liabilities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(77,162)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(123,504)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other operating income, net</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">59,041</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(9,920)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,404,472</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(274,115)</span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">Includes R$812,232 related to maintenance downtime costing (R$441,639 as at June 30, 2025).</span></div><div style="padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">Includes expected credit losses, insurance, materials for use and consumption, travel, accommodation, trade fairs and events.</span></div><div style="padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">Includes, substantially corporate expenses, insurance, materials for use and consumption, social programs and donations, travel and accommodation.</span></div><div style="margin-bottom:15pt;padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">Refers, substantially, to the write-off of contingent liabilities assumed in Fibria's PPA as disclosed in note 24.1.</span></div> 1085896000 1097120000 6498110000 6748782000 2688905000 2990033000 5405769000 4794691000 890361000 706665000 16569041000 16337291000 175521000 186015000 117445000 119340000 749323000 715044000 488109000 484083000 34793000 88650000 1565191000 1593132000 787738000 798162000 250949000 254575000 69327000 62524000 131412000 205756000 1239426000 1321017000 -52617000 -52044000 -188297000 124099000 -1157728000 73248000 23951000 4612000 -77162000 -123504000 -59041000 9920000 1404472000 -274115000 812232000 441639000 <div style="margin-bottom:11pt"><span id="i87b1935279d5441daeec12ddb045fbe2"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">8 NET FINANCIAL RESULT </span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Financial expenses</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest on loans, financing and debentures </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,832,258)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,733,269)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:27pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Premium expenses on early settlements </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(129,841)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization of transaction costs</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(84,591)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(48,174)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest expenses on lease liabilities </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(232,932)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(230,308)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(231,290)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(234,773)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,510,912)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,246,524)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Financial income</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cash and cash equivalents and marketable securities </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">971,605</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">702,662 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">38,162</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">119,450 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,009,767</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">822,112</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Results from derivative financial instruments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Income</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,562,692</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,015,340 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Expenses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,560,744)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(662,835)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,001,948</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,352,505</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Monetary and exchange rate variations, net</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exchange rate variations on loans, financing and debentures</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,615,919</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,147,254 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Leases</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">138,600</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">322,483 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other assets and liabilities </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(649,306)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,276,652)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,105,213</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,193,085 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net financial result</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,606,016</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,121,178</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Excludes </span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">R$44,289</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> arising from capitalized loan costs, substantially related to property, plant and equipment in progress of the Cerrado Project for the six-month period ended June 30, 2026 (R$126,119 as at June 30, 2025). </span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">R$121,752 related to the costs of early termination of the pre‑approved and undrawn credit facility with Finnvera.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Includes </span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">R$119,255 eliminated resulting from the reclassification to the biological assets item for inclusion in the cost of formation (R$133,133 in the Consolidated as of June 30, 2025). </span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Includes effects of exchange rate variations of trade accounts receivable, trade accounts payable, cash and cash equivalents, marketable securities and others.</span></div> <div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Financial expenses</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest on loans, financing and debentures </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,832,258)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,733,269)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:27pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Premium expenses on early settlements </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(129,841)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization of transaction costs</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(84,591)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(48,174)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest expenses on lease liabilities </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(232,932)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(230,308)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(231,290)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(234,773)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,510,912)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,246,524)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Financial income</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cash and cash equivalents and marketable securities </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">971,605</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">702,662 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">38,162</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">119,450 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,009,767</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">822,112</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Results from derivative financial instruments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Income</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,562,692</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,015,340 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Expenses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,560,744)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(662,835)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,001,948</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,352,505</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Monetary and exchange rate variations, net</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exchange rate variations on loans, financing and debentures</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,615,919</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,147,254 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Leases</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">138,600</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">322,483 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other assets and liabilities </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(649,306)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,276,652)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,105,213</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,193,085 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net financial result</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,606,016</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,121,178</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Excludes </span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">R$44,289</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> arising from capitalized loan costs, substantially related to property, plant and equipment in progress of the Cerrado Project for the six-month period ended June 30, 2026 (R$126,119 as at June 30, 2025). </span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">R$121,752 related to the costs of early termination of the pre‑approved and undrawn credit facility with Finnvera.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Includes </span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">R$119,255 eliminated resulting from the reclassification to the biological assets item for inclusion in the cost of formation (R$133,133 in the Consolidated as of June 30, 2025). </span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Includes effects of exchange rate variations of trade accounts receivable, trade accounts payable, cash and cash equivalents, marketable securities and others.</span></div> 2832258000 2733269000 129841000 84591000 48174000 232932000 230308000 231290000 234773000 3510912000 3246524000 971605000 702662000 38162000 119450000 1009767000 822112000 6562692000 7015340000 2560744000 662835000 4001948000 6352505000 3615919000 9147254000 138600000 322483000 -649306000 -1276652000 3105213000 8193085000 4606016000 12121178000 44289000 126119000 121752000 119255000 133133000 <div style="margin-bottom:11pt"><span id="if0003ed9ff7143ca96840d49a42d0385"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">9 CASH AND CASH EQUIVALENTS</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:46.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.416%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average yield p.a. %</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cash and banks </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3.40</span></div></td><td style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,413,123</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,881,326 </span></div></td><td style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cash equivalents</span></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Local currency</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fixed-term deposits</span></div></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">102.03</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">% of CDI</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,232,448</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,204,403 </span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Foreign currency</span></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:36pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fixed-term deposits </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.35%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,094,024 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,645,571</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#f2f2f2;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">15,179,753</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#f2f2f2;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers mainly to investments in foreign currency under the Sweep Account program, which is a remunerated account the balance of which is invested and made available automatically each day.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers to Time Deposit investments, with maturities of up to 90 days, which are remunerated bank deposit with a specific maturity period and are subject to an insignificant risk of changes in value.</span></div> <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:46.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.416%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average yield p.a. %</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cash and banks </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3.40</span></div></td><td style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,413,123</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,881,326 </span></div></td><td style="background-color:#f2f2f2;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cash equivalents</span></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Local currency</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fixed-term deposits</span></div></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">102.03</span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">% of CDI</span></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,232,448</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,204,403 </span></div></td><td style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Foreign currency</span></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:36pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fixed-term deposits </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.35%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,094,024 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,645,571</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#f2f2f2;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">15,179,753</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#f2f2f2;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers mainly to investments in foreign currency under the Sweep Account program, which is a remunerated account the balance of which is invested and made available automatically each day.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers to Time Deposit investments, with maturities of up to 90 days, which are remunerated bank deposit with a specific maturity period and are subject to an insignificant risk of changes in value.</span></div> 0.0340 14413123000 9881326000 1.0203 2232448000 3204403000 0.0435 2094024000 16645571000 15179753000 <div style="margin-bottom:11pt"><span id="ifcf983e04b3d449c9d6b00f3c9e8b899"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">10 MARKETABLE SECURITIES</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:46.676%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average yield p.a. %</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In local currency</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Private funds</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">99.39% of CDI</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">504,284</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">526,526 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Private Securities ("CDBs")</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">101.07% of CDI</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,772,875</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,045,434 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Public Securities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">IPCA + 6.14%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,298,973</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,274,439 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">CDBs - Escrow Account </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">99.61% of CDI</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">337,117</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">319,680 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Public Securities - Instituto de Crédito Oficial (ICO)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12.30%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,038,340</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">633,428 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">TR + 6.00%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,181</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">25,618 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt;text-align:right"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,962,770</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,825,125</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Foreign currency</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt;text-align:right"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Time deposits </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 7pt 0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">421,291 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt;text-align:right"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,241</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,038 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt;text-align:right"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,241</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">427,329</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,972,011</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,252,454</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Current</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,623,714</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,932,774 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-Current</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">348,297</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">319,680 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers to escrow accounts, which will be released only after obtaining the applicable governmental approvals, and pending compliance by the Company with the conditions precedent in transactions involving the sale of rural properties.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers to Time Deposit investments, with maturities over 90 days, which are remunerated bank deposits with specific maturity periods.</span></div> <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:46.676%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average yield p.a. %</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In local currency</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Private funds</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">99.39% of CDI</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">504,284</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">526,526 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Private Securities ("CDBs")</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">101.07% of CDI</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,772,875</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,045,434 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Public Securities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">IPCA + 6.14%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,298,973</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,274,439 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">CDBs - Escrow Account </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">99.61% of CDI</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">337,117</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">319,680 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Public Securities - Instituto de Crédito Oficial (ICO)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12.30%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,038,340</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">633,428 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">TR + 6.00%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,181</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">25,618 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt;text-align:right"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,962,770</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,825,125</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Foreign currency</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt;text-align:right"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Time deposits </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 7pt 0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">421,291 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt;text-align:right"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,241</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,038 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt;text-align:right"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,241</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">427,329</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,972,011</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,252,454</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Current</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,623,714</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,932,774 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-Current</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">348,297</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">319,680 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers to escrow accounts, which will be released only after obtaining the applicable governmental approvals, and pending compliance by the Company with the conditions precedent in transactions involving the sale of rural properties.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers to Time Deposit investments, with maturities over 90 days, which are remunerated bank deposits with specific maturity periods.</span></div> 0.9939 504284000 526526000 1.0107 6772875000 7045434000 0.0614 1298973000 1274439000 0.9961 337117000 319680000 0.1230 1038340000 633428000 0.06 11181000 25618000 9962770000 9825125000 421291000 9241000 6038000 9241000 427329000 9972011000 10252454000 9623714000 9932774000 348297000 319680000 P90D <div style="margin-bottom:11pt"><span id="i43f151e2e1b44d03a8b957ac6567c911"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">11 TRADE ACCOUNTS RECEIVABLE</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i7e3d6d3338f44ca9959b724c40b59d5f"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">11.1 Breakdown of balances</span></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Domestic customers</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Third parties</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,779,931</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,918,437 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Related parties (Note 15.1) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">59,219</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">68,209 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Foreign customers</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Third parties</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,461,604</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,705,509 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Expected credit losses (ECL)</span></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(86,268)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(131,548)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,214,486</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,560,607</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The balance refers to transactions with Ibema Companhia Brasileira de Papel.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company carries out factoring transactions for certain customer receivables where it transfers the control of all risks and rewards related to these receivables to the counterparty, so these receivables are derecognized from accounts receivable in the balance sheet. This transaction refers to an additional cash generation opportunity which can be discontinued at any time without significant impacts on the Company's operation and is therefore classified as a financial asset measured at amortized cost. The decision to assign the receivables is continuously reassessed based on market conditions and the Company's cash flow strategy, meaning that the volume of discounts may vary over time. The impact of these factoring transactions on the accounts receivable as of June 30, 2026, was R$5,981,680 (R$6,616,450 as of December 31, 2025).</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="ib465be1b5fd44b4f802e292a79753ee6"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">11.2 Breakdown of trade accounts receivable by maturity</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Current</span></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,410,187</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,794,713 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Overdue</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Up to 30 days</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">537,512</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">465,967 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">From 31 to 60 days</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">87,171</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">89,398 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">From 61 to 90 days</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">36,582</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">44,305 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">From 91 to 120 days</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">38,959</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">21,225 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">From 121 to 180 days</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">33,455</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">45,072 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">From 181 days</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">70,620</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">99,927 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,214,486</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,560,607</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="ide2b414b73284c159dfb4143c8b04949"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">11.3 Roll-forward of expected credit losses</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%"> Opening balance</span></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(131,548)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(30,300)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Provisions)/Reversals, net</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">28,534</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(119,417)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,618</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">16,937 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exchange rate variations </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,128</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,232 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%"> Closing balance</span></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(86,268)</span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(131,548)</span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div>The Company maintains guarantees for overdue receivables as part of its commercial operations, through credit insurance policies, letters of credit and other guarantees. These guarantees avoid the need to recognize expected credit losses, in accordance with the Company's credit policy. <div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Domestic customers</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Third parties</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,779,931</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,918,437 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Related parties (Note 15.1) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">59,219</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">68,209 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Foreign customers</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Third parties</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,461,604</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,705,509 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Expected credit losses (ECL)</span></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(86,268)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(131,548)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,214,486</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,560,607</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The balance refers to transactions with Ibema Companhia Brasileira de Papel.</span></div> 1779931000 1918437000 59219000 68209000 4461604000 4705509000 -86268000 -131548000 6214486000 6560607000 5981680000 6616450000 <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Current</span></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,410,187</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,794,713 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Overdue</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Up to 30 days</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">537,512</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">465,967 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">From 31 to 60 days</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">87,171</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">89,398 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">From 61 to 90 days</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">36,582</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">44,305 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">From 91 to 120 days</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">38,959</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">21,225 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">From 121 to 180 days</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">33,455</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">45,072 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">From 181 days</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">70,620</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">99,927 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,214,486</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,560,607</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 5410187000 5794713000 537512000 465967000 87171000 89398000 36582000 44305000 38959000 21225000 33455000 45072000 70620000 99927000 6214486000 6560607000 <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%"> Opening balance</span></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(131,548)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(30,300)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Provisions)/Reversals, net</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">28,534</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(119,417)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,618</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">16,937 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exchange rate variations </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,128</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,232 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%"> Closing balance</span></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(86,268)</span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(131,548)</span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 131548000 30300000 28534000 -119417000 10618000 16937000 -6128000 -1232000 86268000 131548000 <div style="margin-bottom:11pt"><span id="i0e1dab64febb432793bb6ab6a80817e1"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">12 INVENTORIES</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Finished goods</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Pulp</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Domestic</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">920,994</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">644,881 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,903,958</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,713,394 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Paper</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Domestic</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">649,370</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">587,216 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">499,470</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">507,999 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Work in process</span></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">144,837</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">113,212 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Raw materials</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Wood</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,137,868</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,267,720 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Operating supplies and packaging</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,117,216</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,037,696 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Spare parts and other</span></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,491,202</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,491,820 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Estimated losses</span></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(205,080)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(208,091)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,659,835</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,155,847</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="if9c06d400be14f0685f87a13d2ca13e8"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">12.1 Roll-forward of estimated losses</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(208,091)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(97,934)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Provisions)/Reversals, net </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,193)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(141,635)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">19,204</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">31,478 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(205,080)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(208,091)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026 and 2025, there were no inventory items pledged as collateral.</span></div> <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Finished goods</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Pulp</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Domestic</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">920,994</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">644,881 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,903,958</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,713,394 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Paper</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Domestic</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">649,370</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">587,216 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">499,470</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">507,999 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Work in process</span></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">144,837</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">113,212 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Raw materials</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Wood</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,137,868</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,267,720 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Operating supplies and packaging</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,117,216</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,037,696 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Spare parts and other</span></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,491,202</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,491,820 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Estimated losses</span></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(205,080)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(208,091)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,659,835</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,155,847</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 920994000 644881000 1903958000 1713394000 649370000 587216000 499470000 507999000 144837000 113212000 2137868000 2267720000 1117216000 1037696000 1491202000 1491820000 -205080000 -208091000 8659835000 8155847000 <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(208,091)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(97,934)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Provisions)/Reversals, net </span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,193)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(141,635)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">19,204</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">31,478 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(205,080)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(208,091)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 208091000 97934000 16193000 141635000 19204000 31478000 205080000 208091000 <div style="margin-bottom:11pt"><span id="i16a31ea316cb43b3b47240ddec41aaf6"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">13 RECOVERABLE TAXES</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">IRPJ/CSLL – prepayments and withheld taxes</span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">905,430</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">706,048 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">PIS/COFINS – on acquisitions of property, plant and equipment </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">97,023</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">128,631 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">PIS/COFINS – operations</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">597,294</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">567,872 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">PIS/COFINS – exclusions from ICMS </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">288,014</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">324,819 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ICMS – on acquisitions of property, plant and equipment </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">429,066</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">472,382 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ICMS – operations </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,900,368</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,889,151 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Reintegra program </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(5)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">73,791</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">58,790 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other taxes and contributions</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">123,718</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">119,406 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provision for loss on ICMS credits </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(6)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,771,257)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,775,113)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,643,447</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,491,986</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Current </span></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,719,018</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,546,287 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-current </span></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">924,429</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">945,699 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Social Integration Program (“PIS”) and Social Security Funding Contribution (“COFINS”): Credits whose realization is based on the years of depreciation of the corresponding asset.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The Company and its subsidiaries filed lawsuits over the years seeking the exclusion of ICMS from the PIS and COFINS contribution tax basis, in relation to certain transactions during various periods from March 1992. </span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Tax on Sales and Services (“ICMS”): Credits from the acquisition of property, plant and equipment are recovered on a straight-line basis over a four-year period, from the acquisition date, in accordance with the relevant regulation, the ICMS Control on Property, Plant and Equipment (“CIAP”).</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">ICMS credits accrued due to the volume of exports and credit generated from product import transactions: Credits are concentrated in the States of Espírito Santo, Maranhão, Mato Grosso do Sul e São Paulo, where the Company realizes the credits through the sale of credits to third parties, after approval from the State Ministry of Finance of each State. Credits are also being realized through the consumption of paper and consumer goods (tissue) transactions in the domestic market.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(5)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Special Regime of Tax Refunds for Export Companies ("Reintegra"): Reintegra is a program that aims to refund the residual costs of taxes paid throughout the export chain to taxpayers, to make them more competitive in foreign markets.</span></div><div style="margin-bottom:20pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(6)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Related to provisions for ICMS credit balances that are not probable to be recovered.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i5ae0356f300241dcb62f6293dfdb859a"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">13.1 Provision for loss on ICMS credits</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">ICMS</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,775,113)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,581,961)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Addition</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(106,344)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(374,166)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Reversal </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">110,200</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">181,014 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,771,257)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,775,113)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers mainly to the reversal of the provision for loss resulting from the recovery of ICMS credits through sale to third parties.</span></div> <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.253%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">IRPJ/CSLL – prepayments and withheld taxes</span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">905,430</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">706,048 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">PIS/COFINS – on acquisitions of property, plant and equipment </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">97,023</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">128,631 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">PIS/COFINS – operations</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">597,294</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">567,872 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">PIS/COFINS – exclusions from ICMS </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">288,014</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">324,819 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ICMS – on acquisitions of property, plant and equipment </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">429,066</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">472,382 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ICMS – operations </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,900,368</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,889,151 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Reintegra program </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(5)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">73,791</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">58,790 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other taxes and contributions</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">123,718</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">119,406 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provision for loss on ICMS credits </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(6)</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,771,257)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,775,113)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,643,447</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,491,986</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Current </span></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,719,018</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,546,287 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-current </span></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">924,429</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">945,699 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Social Integration Program (“PIS”) and Social Security Funding Contribution (“COFINS”): Credits whose realization is based on the years of depreciation of the corresponding asset.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The Company and its subsidiaries filed lawsuits over the years seeking the exclusion of ICMS from the PIS and COFINS contribution tax basis, in relation to certain transactions during various periods from March 1992. </span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Tax on Sales and Services (“ICMS”): Credits from the acquisition of property, plant and equipment are recovered on a straight-line basis over a four-year period, from the acquisition date, in accordance with the relevant regulation, the ICMS Control on Property, Plant and Equipment (“CIAP”).</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">ICMS credits accrued due to the volume of exports and credit generated from product import transactions: Credits are concentrated in the States of Espírito Santo, Maranhão, Mato Grosso do Sul e São Paulo, where the Company realizes the credits through the sale of credits to third parties, after approval from the State Ministry of Finance of each State. Credits are also being realized through the consumption of paper and consumer goods (tissue) transactions in the domestic market.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(5)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Special Regime of Tax Refunds for Export Companies ("Reintegra"): Reintegra is a program that aims to refund the residual costs of taxes paid throughout the export chain to taxpayers, to make them more competitive in foreign markets.</span></div><div style="margin-bottom:20pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(6)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Related to provisions for ICMS credit balances that are not probable to be recovered.</span></div> 905430000 706048000 97023000 128631000 597294000 567872000 288014000 324819000 429066000 472382000 1900368000 1889151000 73791000 58790000 123718000 119406000 1771257000 1775113000 2643447000 2491986000 1719018000 1546287000 924429000 945699000 <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">ICMS</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,775,113)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,581,961)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Addition</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(106,344)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(374,166)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Reversal </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">110,200</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">181,014 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,771,257)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,775,113)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers mainly to the reversal of the provision for loss resulting from the recovery of ICMS credits through sale to third parties.</span></div> 1775113000 1581961000 -106344000 -374166000 110200000 181014000 1771257000 1775113000 <div style="margin-bottom:11pt"><span id="i22c7c4f6f74c4b56ae10791ac602c5db"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">14 ADVANCES TO SUPPLIERS</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Forestry development program</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,179,413</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,788,262 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Advance to suppliers - others</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">104,050</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">76,818 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,283,463</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,865,080</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Current </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">104,050</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">76,818 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-current </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,179,413</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,788,262 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In the annual financial statements for the year ended December 31, 2025, the characteristics of the advances were disclosed, which did not change during the six-month period ended June 30, 2026</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:140%">.</span> <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Forestry development program</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,179,413</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,788,262 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Advance to suppliers - others</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">104,050</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">76,818 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,283,463</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,865,080</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Current </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">104,050</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">76,818 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-current </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,179,413</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,788,262 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 3179413000 2788262000 104050000 76818000 3283463000 2865080000 104050000 76818000 3179413000 2788262000 <div style="margin-bottom:11pt"><span id="i47a05094936c49cf89992f8cc851d481"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">15 RELATED PARTIES</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company's commercial and financial transactions with the controlling shareholder and Companies owned by the controlling shareholder Suzano Holding S.A. ("Suzano Group") were carried out in accordance with the corporate governance practices adopted by the Company, as well as those recommended and/or required by the applicable legislation.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The transactions refers mainly to:</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Assets: (i) accounts receivable from the sale of pulp, paper, tissue and other products; (ii) dividends receivable; (iii) reimbursement for expenses; and (iv) social services; </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Liabilities: (i) loan agreements;(ii) reimbursement for expenses; (iii) social services; (iv) real estate consulting; and (v) dividends payable.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Amounts in the statements of income: (i) sale of pulp, paper, tissue and other products; (ii) loan charges and exchange variation; (iii) social services and (viii) real estate consulting.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the six-month period ended June 30, 2026, there were no material changes in the terms of the agreements, deals and transactions entered into, nor were there any new contracts, agreements or transactions of any different nature entered into between the Company and its related parties, as disclosed in the financial statements for the year ended December 31, 2025.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="if61ceec296364024946918f5e238a277"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">15.1 Balances recognized in assets and liabilities and amounts of transactions during the year</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:43.806%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.516%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Liabilities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Sales (purchases), net</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Transactions with majority shareholders</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Suzano Holding S.A.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">41</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(1,674)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(412,146)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">48</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(543)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Controller</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(893)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(219,817)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Related persons</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(146)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(36,053)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Alden Fundo de Investimento em Ações</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(124)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(30,444)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">41</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(2,837)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(698,460)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">48</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(543)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Transactions with companies of the Suzano Group and other related parties</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Management</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">908</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">914 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">907</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">256 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Bexma Participações Ltda.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">14</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">6 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">10</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">4 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Naman Capital Ltda.</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">35</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">28</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">4 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Civelec Participações Ltda.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">1,930</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">2,895 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Fundação Arymax</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">16</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">5 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">12</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">3 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Ibema Companhia Brasileira de Papel </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:120%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">59,219</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">68,209 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(50)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(658)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">70,926</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">102,103 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Instituto Ecofuturo - Futuro para o Desenvolvimento Sustentável</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">2</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">2 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(2,470)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3,736)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">IPLF Holding S.A.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">1</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">1</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">3 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Mabex Representações e Participações Ltda.</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(726)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(16)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(2,216)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1,007)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Nemonorte Imóveis e Participações Ltda.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">1</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(15)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(7)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(221)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(75)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Woodspin Oy</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(321)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">580 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">62,126</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">72,031</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(791)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(681)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">66,656</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">98,135</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">62,167</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">72,031</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(3,628)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(699,141)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">66,704</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">97,592</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Trade accounts receivable (Note 11)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">59,219</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">68,209 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Other assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">2,948</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">3,822 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Liabilities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Trade accounts payable (Note 21)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(791)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(681)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Dividends payable</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(2,837)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(698,460)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">62,167</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">72,031</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(3,628)</span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(699,141)</span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers mainly to the sale of pulp.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i260dbbd8f60440548d1e3a3ab00c4cd0"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">15.2 Management compensation</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Expenses related to the compensation of key management personnel, which include the Board of Directors, Fiscal Council and Board of Statutory Executive Officers, recognized in the statement of income for the period, are set out below:</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Short-term benefits</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Salary or compensation</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">15,576</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">21,464 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Direct and indirect benefits</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">745</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">524 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Bonus</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,505</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">15,751 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">23,826</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">37,739</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Long-term benefits</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Share-based compensation plan</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,791</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">35,845 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,791</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">35,845</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Payroll charges</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Payroll charges</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,622</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">32,688 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,622</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">32,688</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">48,239</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">106,272</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Short-term benefits include fixed compensation (salaries and fees, vacation pay, mandatory bonus and “13th month’s salary” bonus), payroll charges (Company’s share of contributions to social security – “INSS”) and variable compensation such as profit sharing, bonuses and benefits (health plan, meal voucher, market voucher, life insurance and private pension plan).</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Long-term benefits include Phantom Share plans (PS), Performance Shares, and Share Appreciation Rights (SARs) granted to executives and key members of Management, in accordance with the respective plan regulations, as disclosed in Note 26.</span></div> <div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:43.806%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.516%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Liabilities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Sales (purchases), net</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Transactions with majority shareholders</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Suzano Holding S.A.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">41</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(1,674)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(412,146)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">48</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(543)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Controller</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(893)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(219,817)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Related persons</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(146)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(36,053)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Alden Fundo de Investimento em Ações</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(124)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(30,444)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">41</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(2,837)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(698,460)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">48</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(543)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #6d6d6d;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #6d6d6d;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Transactions with companies of the Suzano Group and other related parties</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Management</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">908</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">914 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">907</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">256 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Bexma Participações Ltda.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">14</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">6 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">10</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">4 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Naman Capital Ltda.</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">35</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">28</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">4 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Civelec Participações Ltda.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">1,930</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">2,895 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Fundação Arymax</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">16</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">5 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">12</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">3 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Ibema Companhia Brasileira de Papel </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:120%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">59,219</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">68,209 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(50)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(658)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">70,926</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">102,103 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Instituto Ecofuturo - Futuro para o Desenvolvimento Sustentável</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">2</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">2 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(2,470)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3,736)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">IPLF Holding S.A.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">1</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">1</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">3 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Mabex Representações e Participações Ltda.</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(726)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(16)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(2,216)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1,007)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Nemonorte Imóveis e Participações Ltda.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">1</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(15)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(7)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(221)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(75)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Woodspin Oy</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(321)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">580 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">62,126</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">72,031</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(791)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(681)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">66,656</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">98,135</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">62,167</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">72,031</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(3,628)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(699,141)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">66,704</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">97,592</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Trade accounts receivable (Note 11)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">59,219</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">68,209 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Other assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">2,948</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">3,822 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">Liabilities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Trade accounts payable (Note 21)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(791)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(681)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Dividends payable</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(2,837)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(698,460)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">62,167</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">72,031</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(3,628)</span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ececec;padding:0 1pt"></td><td colspan="2" style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">(699,141)</span></div></td><td style="background-color:#ececec;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers mainly to the sale of pulp.</span></div> 41000 -1674000 -412146000 48000 -543000 -893000 -219817000 -146000 -36053000 -124000 -30444000 41000 -2837000 -698460000 48000 -543000 908000 914000 907000 256000 14000 6000 10000 4000 35000 28000 4000 1930000 2895000 16000 5000 12000 3000 59219000 68209000 -50000 -658000 70926000 102103000 2000 2000 -2470000 -3736000 1000 1000 3000 -726000 -16000 -2216000 -1007000 1000 -15000 -7000 -221000 -75000 -321000 580000 62126000 72031000 -791000 -681000 66656000 98135000 62167000 72031000 -3628000 -699141000 66704000 97592000 59219000 68209000 2948000 3822000 -791000 -681000 -2837000 -698460000 62167000 72031000 -3628000 -699141000 <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Expenses related to the compensation of key management personnel, which include the Board of Directors, Fiscal Council and Board of Statutory Executive Officers, recognized in the statement of income for the period, are set out below:</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Short-term benefits</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Salary or compensation</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">15,576</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">21,464 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Direct and indirect benefits</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">745</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">524 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Bonus</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,505</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">15,751 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">23,826</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">37,739</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Long-term benefits</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Share-based compensation plan</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,791</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">35,845 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,791</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">35,845</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Payroll charges</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Payroll charges</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,622</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">32,688 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,622</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">32,688</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">48,239</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">106,272</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 15576000 21464000 745000 524000 7505000 15751000 23826000 37739000 14791000 35845000 14791000 35845000 9622000 32688000 9622000 32688000 48239000 106272000 <div style="margin-bottom:11pt"><span id="id768c77f89f24d0ab29db3f82531855a"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">16 INCOME AND SOCIAL CONTRIBUTION TAXES</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company management believes in the validity of the provisions of international treaties entered by Brazil to avoid double taxation. In order to ensure its right to non-double taxation, the Company filed a lawsuit in April 2019, which aims to exempt the double taxation in Brazil, of profits earned by its subsidiary located in Austria, according to Law No. 12,973/14. Due to the preliminary injunction granted in favor of the Company in the aforementioned lawsuit, the Company decided not to add the profit from Suzano International Trading GmbH, located in Austria, when determining its taxable income and social contribution basis of the net profit of the Company for the six-month period ended June 30, 2026. There is no provision for tax related to the non-double taxation profits of such subsidiary in 2026. </span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i5fece3e928ef4b7d90bd4cea60dec5e7"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">16.1 Deferred taxes</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="id7237973ae3d4c74b3a0bb45e41e0c16"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">16.1.1 Deferred income and social contribution taxes</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax loss carried forward</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,191,234</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">982,480 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Negative tax basis of social contribution carried forward</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">464,036</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">381,600 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Assets - temporary differences</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provision for judicial liabilities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">276,203</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">269,757 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Operating provisions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">443,875</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">559,288 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provisions for other losses</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">618,907</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">619,567 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Employee benefit plans</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">256,151</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">251,990 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exchange rate variations </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,886,733</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,443,822 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization of fair value adjustments arising from business combinations</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">620,112</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">620,973 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Unrealized profit on inventories</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">211,466</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">237,740 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Leases </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">505,833</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">541,431 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,474,550</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,908,648</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%"> Liabilities - temporary differences</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill - tax benefit on unamortized goodwill</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,020,207</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,878,119 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Property, plant and equipment - deemed cost</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">974,519</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">985,901 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation for tax-incentive reason </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">636,857</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">668,603 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Capitalized loan costs</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">896,149</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">937,829 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair value of biological assets</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,649,769</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,425,535 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deferred taxes, net of fair value adjustments </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">308,540</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">313,464 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax credits - gains from tax lawsuit (exclusion of ICMS from the PIS and COFINS basis)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">102,580</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">115,003 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivatives gains (“MtM”) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,138,072</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">66,308 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provision of deferred taxes on results of subsidiaries abroad</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">253,272</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other temporary differences</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,345</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">13,872 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,994,310</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,404,634</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-current assets</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">122,709</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,504,014 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-current liabilities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,642,469</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The Company pre</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">sents a net balance of derivatives and leases, as gains and losses from deferred taxes are offset simultaneously. For the derivatives line, the taxable temporary difference was R$4,047,493 and deductible temporary difference of R$2,909,421 (taxable temporary difference was R$3,065,768 and deductible temporary difference of R$3,001,133 as of December 31, 2025). For the lease line, the taxable temporary difference was R$5,215,078 and deductible temporary difference was R$5,720,911 (taxable temporary difference was R$1,767,605 and deductible temporary difference was R$2,309,036 as of December 31, 2025).</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Tax depreciation is taken as a benefit only </span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">in the income tax calculation bases.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i0e5b136ac20c47c9bfe60f8dc67a86fc"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">16.1.2 Breakdown of accumulated tax losses and social contribution tax losses carried forward</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax loss carried forward</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,764,936</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,929,920 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Negative tax basis of social contribution carried forward</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,155,956</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,240,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i263fdd24d712416b8099e8335688ba7b"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">16.1.3 Roll-forward of deferred tax</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,504,014</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,971,419 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax loss carried forward</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">208,754</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">185,649 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Negative tax basis of social contribution carried forward</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">82,436</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">74,457 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provision for judicial liabilities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,446</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(55,116)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Operating provisions and other losses</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(111,912)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">122,493 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exchange rate variation </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,557,089)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3,941,212)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative (gains) losses (“MtM”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,071,764)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,297,143)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization of fair value adjustments arising from business combinations </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,063</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">23,905 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Unrealized profit on inventories</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(26,274)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(301,417)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Leases</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(35,598)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(65,513)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill - tax benefit on unamortized goodwill</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(142,088)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(288,232)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Property, plant and equipment - deemed cost</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,382</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">80,982 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation accelerated for tax-incentive reason </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">31,746</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">65,037 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Capitalized loan costs</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">41,680</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,653 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair value of biological assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(224,234)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(108,440)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deferred taxes on the results of subsidiaries abroad</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(253,272)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Credits on exclusion of ICMS from the PIS/COFINS tax base</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,423</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">22,925 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other temporary differences</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(473)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,567 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,519,760)</span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,504,014</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i98c544cfa3cc4764b39db630ea06cc3e"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">16.2 Reconciliation of the effects of income tax and social contribution on profit or loss</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net income (loss) before taxes</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,169,783</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,255,357</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Income tax and social contribution benefit (expense) at statutory nominal rate of 34%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,117,726)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,866,821)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Tax effect on permanent differences</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Impact of the taxation difference on profit of associates in Brazil and abroad </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(555)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(294,581)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Equity method</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(8,702)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(24,220)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Credit related to Reintegra Program</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,177</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,156</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Director bonuses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(107)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(26,950)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax incentives (Note 16.3)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">26,200</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">265,547</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other permanent exclusions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">45,387</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">45,643</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,050,326)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,895,226)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Income tax</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(9,226)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(206,328)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deferred</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,220,799)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,093,523)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,230,025)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(4,299,851)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Social Contribution</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,667)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(104,206)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deferred</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(803,634)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,491,169)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(820,301)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,595,375)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Income tax and social contribution result for the period</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,050,326)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,895,226)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The difference in the taxation of subsidiaries is substantially due to the differences between the nominal tax rates in Brazil and those of subsidiaries located abroad.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="ic3a3d1441d2c466c8baeb1c1be75f037"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">16.3 Tax incentives</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company benefits from a tax incentive for partial reduction of the income tax obtained from operations carried out in areas under the jurisdiction of the Northeast Development Superintendence (“SUDENE”) and the Superintendence of Amazon Development (“SUDAM”). The IRPJ reduction incentive is calculated based on the activity profits (exploitation profits) and considers the allocation of the operating profit based on the incentive production levels for each product.</span></div><div><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Area/Regions</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Company</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Maturity</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Northeast Development Superintendence (“SUDENE”)</span></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right;text-indent:9pt"><span><br/></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:18pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Aracruz (ES)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Portocel</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2030</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:18pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Aracruz (ES)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Suzano</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2031</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:18pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Imperatriz (MA)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Suzano</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2032</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:18pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mucuri (BA)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Suzano</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2032</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">São Luís (MA)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Itacel</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2033</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:18pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Eunápolis (BA)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Veracel</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2033</span></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Superintendence of Amazon Development (“SUDAM”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right;text-indent:9pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Belém (PA)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Suzano</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2034</span></div></td></tr></table></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="iff374d6bdbed4c2e94eb815f8624ad91"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">16.4 OECD PILLAR TWO MODEL RULES</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In December 2021, the Organisation for Economic Co-operation and Development (“OECD”) announced the guidelines for the Pillar Two model, aiming for a reform in international corporate taxation to ensure that multinational economic groups, covered by such regulations, contribute an effective minimum tax at a rate of 15% on profits. Each country's effective profit tax rate, as calculated by this model, is called the GloBE (Global Anti-Base Erosion Rules) effective tax rate. In the context of Suzano, compliance with OECD guidelines on international taxation is a strategic priority.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Based on the calculations performed under the GloBE Simplifying Transition Rules (RSGT), there is no impact on the </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">unaudited condensed consolidated </span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">interim financial information in relation to this matter.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company reaffirms its commitment to tax compliance and will continue to carry out the necessary actions to ensure the proper implementation of the new rule in the jurisdictions where it operates, in line with global best practices and current legislation.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i34a7f9f3b335469b8e8abeac490091cd"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">16.5 Uncertainty over income tax treatments</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company is involved in ongoing administrative and judicial proceedings concerning certain tax treatments adopted in the calculation of income taxes.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company assesses the likelihood that such tax treatments will be accepted by the relevant tax authorities, taking into account the applicable legislation, case law, available administrative and judicial precedents, and, when applicable, the opinions of external legal counsel. The measurement of uncertain tax positions reflects Management's best estimate of the expected outcome of these matters.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">As of June 30, 2026, the total amount of uncertainties related to income taxes for which the Company considers acceptance of the adopted tax treatment by the tax authorities to be not probable amounted to R$1,822 (R$1,749 as of December 31, 2025). This amount has been fully provisioned and is presented within income tax and social contribution payable.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Additionally, as of June 30, 2026, the total amount of uncertainties related to income taxes for which the Company considers acceptance of the adopted tax treatment to be probable amounted to R$10,057,925 (R$4,559,801 as of December 31, 2025).</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The main uncertainties related to income tax treatments for which acceptance is considered probable are described below:</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">i.</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:20.12pt">Tax Assessment Notice - Foreign Earnings - Brazil-Austria Tax Treaty (2021): This matter relates to a tax assessment issued by the Brazilian Federal Revenue Service ("RFB"), received in April 2026, seeking the collection of IRPJ and CSLL in the initial amount of R$5,106,344, including interest, based on the alleged failure to tax profits earned by its subsidiary Suzano International Trade GmbH (Austria). The assessment was issued without the imposition of penalties, pursuant to a preliminary injunction granted in a writ of mandamus concerning the application of the Brazil-Austria Tax Treaty. The Company filed an administrative challenge, which is currently awaiting judgment. The estimated exposure as of June 30, 2026 amounted to R$5,176,100.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">ii.</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:17.54pt">Tax Assessment Notice - Exchange of Industrial and Forestry Assets (2007): This judicial action seeks to annul an administrative tax proceeding initiated by the RFB for the collection of IRPJ and CSLL based on the alleged realization of an untaxed capital gain arising from the exchange of assets with International Paper ("IP") in February 2007. In December 2012, the Company was assessed by the RFB and, in January 2016, the Administrative Council of Tax Appeals ("CARF"), by the casting vote of its President, ruled against the Company. Following notification of the decision in May 2016 and the exhaustion of administrative remedies, the Company elected to continue disputing the matter in court. The exposure is fully secured by guarantees. The court ruled in favor of the Company, and the matter is currently awaiting judgment of the appeal filed by the National Treasury. In December 2023, pursuant to Article 2 of Law No. 14,689/23, related to Article 25, Paragraph 9-A of Decree No. 70,235/72, the debt certificates were amended to definitively cancel the penalties and related charges. The estimated exposure as of June 30, 2026 amounted to R$1,979,365 (December 31, 2025: R$1,861,899), excluding the canceled penalties.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">iii.</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:14.96pt">Tax Assessment Notice - Non-deductible Expenses, Operating Expense Deductions, Foreign Subsidiary Earnings, Goodwill Amortization, Directors' Bonuses and Tax Loss Carryforwards (2019): This administrative proceeding was initiated in October 2023 following tax assessment notices issued against Suzano S.A. concerning fiscal year 2019. The alleged infractions relate to: (i) non-deductible expenses; (ii) improper deduction of operating expenses; (iii) profits earned abroad by a subsidiary; (iv) goodwill amortization; (v) failure to add directors' bonuses to the CSLL tax base; and (vi) tax loss carryforwards and negative CSLL basis. The Company's administrative defense was partially upheld. Subsequently, the Company filed a voluntary appeal, which was partially granted. The Company is currently awaiting formal notification of the decision. The estimated exposure as of June 30, 2026 amounted to R$1,053,991 (December 31, 2025: R$1,008,823).</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">iv.</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:14.95pt">Tax Assessment Notice - Disallowance of Depreciation, Amortization and Depletion Expenses (2010): In December 2015, the Company was assessed for IRPJ and CSLL based on the alleged non-deductibility of depreciation, amortization and depletion expenses claimed in fiscal year 2010. The Company filed an administrative defense, which was partially upheld. The decision was appealed by the Company in November 2017. The case was converted into an evidentiary proceeding and is currently awaiting completion of the procedures ordered by CARF. The estimated exposure as of June 30, 2026 amounted to R$960,921 (December 31, 2025: R$931,979).</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">v.</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:17.53pt">Tax Assessment Notice - Recalculation of Foreign Subsidiary Profits (2014-2016): On October 5, 2020, the Company was notified of a tax assessment issued by the RFB seeking IRPJ and CSLL arising from the recalculation of profits earned by its subsidiary Suzano Trading Ltd. during fiscal years 2014, 2015 and 2016. The Company filed an administrative challenge, which was converted into an evidentiary proceeding. Following completion of such procedures, the challenge was partially upheld. The Company subsequently appealed the unfavorable portion of the decision and is awaiting judgment. The estimated exposure as of June 30, 2026 amounted to R$690,658 (December 31, 2025: R$663,188).</span></div> <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax loss carried forward</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,191,234</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">982,480 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Negative tax basis of social contribution carried forward</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">464,036</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">381,600 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Assets - temporary differences</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provision for judicial liabilities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">276,203</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">269,757 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Operating provisions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">443,875</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">559,288 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provisions for other losses</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">618,907</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">619,567 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Employee benefit plans</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">256,151</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">251,990 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exchange rate variations </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,886,733</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,443,822 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization of fair value adjustments arising from business combinations</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">620,112</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">620,973 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Unrealized profit on inventories</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">211,466</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">237,740 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Leases </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">505,833</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">541,431 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,474,550</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,908,648</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%"> Liabilities - temporary differences</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill - tax benefit on unamortized goodwill</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,020,207</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,878,119 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Property, plant and equipment - deemed cost</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">974,519</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">985,901 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation for tax-incentive reason </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">636,857</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">668,603 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Capitalized loan costs</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">896,149</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">937,829 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair value of biological assets</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,649,769</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,425,535 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deferred taxes, net of fair value adjustments </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">308,540</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">313,464 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax credits - gains from tax lawsuit (exclusion of ICMS from the PIS and COFINS basis)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">102,580</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">115,003 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivatives gains (“MtM”) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,138,072</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">66,308 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provision of deferred taxes on results of subsidiaries abroad</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">253,272</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other temporary differences</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14,345</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">13,872 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,994,310</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,404,634</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-current assets</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">122,709</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,504,014 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-current liabilities</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,642,469</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The Company pre</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">sents a net balance of derivatives and leases, as gains and losses from deferred taxes are offset simultaneously. For the derivatives line, the taxable temporary difference was R$4,047,493 and deductible temporary difference of R$2,909,421 (taxable temporary difference was R$3,065,768 and deductible temporary difference of R$3,001,133 as of December 31, 2025). For the lease line, the taxable temporary difference was R$5,215,078 and deductible temporary difference was R$5,720,911 (taxable temporary difference was R$1,767,605 and deductible temporary difference was R$2,309,036 as of December 31, 2025).</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Tax depreciation is taken as a benefit only </span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">in the income tax calculation bases.</span></div> 1191234000 982480000 464036000 381600000 276203000 269757000 443875000 559288000 618907000 619567000 256151000 251990000 1886733000 3443822000 620112000 620973000 211466000 237740000 505833000 541431000 6474550000 7908648000 2020207000 1878119000 974519000 985901000 636857000 668603000 896149000 937829000 1649769000 1425535000 308540000 313464000 102580000 115003000 1138072000 66308000 253272000 14345000 13872000 7994310000 6404634000 122709000 1504014000 1642469000 4047493000 2909421000 3065768000 3001133000 5215078000 5720911000 1767605000 2309036000 <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax loss carried forward</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,764,936</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,929,920 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Negative tax basis of social contribution carried forward</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,155,956</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,240,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 4764936000 3929920000 5155956000 4240000000 <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,504,014</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,971,419 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax loss carried forward</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">208,754</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">185,649 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Negative tax basis of social contribution carried forward</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">82,436</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">74,457 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Provision for judicial liabilities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,446</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(55,116)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Operating provisions and other losses</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(111,912)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">122,493 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exchange rate variation </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,557,089)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3,941,212)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Derivative (gains) losses (“MtM”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,071,764)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2,297,143)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization of fair value adjustments arising from business combinations </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,063</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">23,905 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Unrealized profit on inventories</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(26,274)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(301,417)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Leases</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(35,598)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(65,513)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill - tax benefit on unamortized goodwill</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(142,088)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(288,232)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Property, plant and equipment - deemed cost</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,382</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">80,982 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation accelerated for tax-incentive reason </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">31,746</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">65,037 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Capitalized loan costs</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">41,680</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,653 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair value of biological assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(224,234)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(108,440)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deferred taxes on the results of subsidiaries abroad</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(253,272)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Credits on exclusion of ICMS from the PIS/COFINS tax base</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,423</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">22,925 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other temporary differences</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(473)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,567 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,519,760)</span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,504,014</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 1504014000 7971419000 208754000 185649000 82436000 74457000 6446000 -55116000 -111912000 122493000 -1557089000 -3941212000 -1071764000 -2297143000 4063000 23905000 -26274000 -301417000 -35598000 -65513000 -142088000 -288232000 11382000 80982000 31746000 65037000 41680000 9653000 -224234000 -108440000 -253272000 12423000 22925000 -473000 4567000 -1519760000 1504014000 <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net income (loss) before taxes</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,169,783</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,255,357</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Income tax and social contribution benefit (expense) at statutory nominal rate of 34%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,117,726)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,866,821)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Tax effect on permanent differences</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Impact of the taxation difference on profit of associates in Brazil and abroad </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(555)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(294,581)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Equity method</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(8,702)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(24,220)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Credit related to Reintegra Program</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,177</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,156</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Director bonuses</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(107)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(26,950)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax incentives (Note 16.3)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">26,200</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">265,547</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other permanent exclusions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">45,387</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">45,643</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,050,326)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,895,226)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Income tax</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(9,226)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(206,328)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deferred</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,220,799)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,093,523)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,230,025)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(4,299,851)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Social Contribution</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(16,667)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(104,206)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deferred</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(803,634)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,491,169)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(820,301)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,595,375)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Income tax and social contribution result for the period</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,050,326)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,895,226)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The difference in the taxation of subsidiaries is substantially due to the differences between the nominal tax rates in Brazil and those of subsidiaries located abroad.</span></div> 9169783000 17255357000 -3117726000 -5866821000 -555000 -294581000 -8702000 -24220000 5177000 6156000 107000 26950000 26200000 265547000 45387000 45643000 -3050326000 -5895226000 -9226000 -206328000 -2220799000 -4093523000 -2230025000 -4299851000 -16667000 -104206000 -803634000 -1491169000 -820301000 -1595375000 -3050326000 -5895226000 <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="ic3a3d1441d2c466c8baeb1c1be75f037"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">16.3 Tax incentives</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company benefits from a tax incentive for partial reduction of the income tax obtained from operations carried out in areas under the jurisdiction of the Northeast Development Superintendence (“SUDENE”) and the Superintendence of Amazon Development (“SUDAM”). The IRPJ reduction incentive is calculated based on the activity profits (exploitation profits) and considers the allocation of the operating profit based on the incentive production levels for each product.</span></div><div><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Area/Regions</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Company</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Maturity</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Northeast Development Superintendence (“SUDENE”)</span></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right;text-indent:9pt"><span><br/></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:18pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Aracruz (ES)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Portocel</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2030</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:18pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Aracruz (ES)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Suzano</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2031</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:18pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Imperatriz (MA)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Suzano</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2032</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:18pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mucuri (BA)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Suzano</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2032</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">São Luís (MA)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Itacel</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2033</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:18pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Eunápolis (BA)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Veracel</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2033</span></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Superintendence of Amazon Development (“SUDAM”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right;text-indent:9pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Belém (PA)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Suzano</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2034</span></div></td></tr></table></div> 1822000 1749000 10057925000 4559801000 5106344000 5176100000 1979365000 1861899000 1053991000 1008823000 960921000 931979000 690658000 663188000 <div style="margin-bottom:11pt"><span id="if088e0fc11424e1d979d2394749b6e13"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">17 BIOLOGICAL ASSETS</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The roll-forward of biological assets is as set forth below:</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">26,097,164</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">22,283,001 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Additions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,617,275</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,913,483 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depletions </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,174,187)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(5,352,271)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Transfers</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">15,233 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Gain on fair value adjustments (Note 7)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,157,728</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,516,458 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Disposals</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(21,674)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(107,815)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(44,611)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(170,925)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">27,631,695</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">26,097,164</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div><span><br/></span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span><br/></span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The calculation of fair value of the biological assets is determined using unobservable data, therefore it falls under Level 3 in the hierarchy set forth in IFRS 13 — Measurement of Fair Value.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In our model, the assumptions regarding the average annual growth rate (IMA) and average gross selling price of eucalyptus are particularly sensitive. Any increase or decrease in these assumptions could lead to significant gains or losses in the fair value measurement.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The assumptions used in the measurement of the fair value of biological assets were as follow:</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">(i)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:14.88pt">Average cycle of forest formation between 6 and 7 years; </span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">(ii)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:12.3pt">Effective area of forest from the 3rd year of planting;</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">(iii)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:9.72pt">The IMA consists of the estimated volume of production of wood with bark in m</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">3</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> per hectare, ascertained based on the genetic material used in each region, silvicultural practices and forest management, production potential, climate factors and soil conditions;</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">(iv)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:9.71pt">The estimated average standard cost per hectare includes silvicultural and forest management expenses, applied to each year of formation of the biological cycle of the forests, plus the costs of land lease agreements and the opportunity cost of owning land;</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">(v)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:12.29pt">The average gross selling prices of eucalyptus were based on specialized research on transactions carried out by the Company with independent third parties; and</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:11pt;font-weight:400;line-height:140%">(vi)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:8.19pt">The discount rate corresponds to the Weighted Average Cost of Capital (“WACC”).</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The table below discloses the measurement of the assumptions adopted:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.295%"><tr><td style="width:1.0%"></td><td style="width:74.657%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.444%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.445%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Useful productive planted area (hectare) eligible for fair value calculation</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,298,200</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,228,834</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mature assets (6 to 7 years)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">181,175</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">173,476</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Immature assets (1 to 5 years)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,117,025</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,055,358</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average annual growth (IMA) – m</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">3</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">/hectare/year</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">38.13</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">37.46</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average gross sale price of eucalyptus – R$/m</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">3</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">116.77</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">111.9</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Discount rate (post-tax)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8.10</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8.10</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">%</span></div></td><td colspan="3" style="display:none"></td></tr></table><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The pricing model considers the net cash flows, after the deduction of taxes on profit at the applicable rates.</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:74.222%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.955%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Physical changes and discount rate </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">452,463</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">325,445</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Price of wood</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">705,265</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,191,013</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,157,728</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,516,458</span></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">1) Includes the variation of indicators: IMA, discount rate and area.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company manages the financial and climate risks related to its agricultural activities in a preventive manner. To reduce the risks arising from edaphoclimatic factors, the weather is monitored through meteorological stations and, in the event of pests and diseases, our Department of Forestry Research and Development, an area specialized in physiological and phytosanitary aspects, has procedures to diagnose and act rapidly against any occurrences and losses (Note 4.7).</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company has no biological assets pledged as collateral on June 30, 2026 and on December 31, 2025.</span></div> <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">26,097,164</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">22,283,001 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Additions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,617,275</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,913,483 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depletions </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,174,187)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(5,352,271)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Transfers</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">15,233 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Gain on fair value adjustments (Note 7)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,157,728</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,516,458 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Disposals</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(21,674)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(107,815)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(44,611)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(170,925)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">27,631,695</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">26,097,164</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 26097164000 22283001000 3617275000 7913483000 3174187000 5352271000 15233000 -1157728000 -1516458000 21674000 107815000 -44611000 -170925000 27631695000 26097164000 P6Y P7Y P3Y <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.295%"><tr><td style="width:1.0%"></td><td style="width:74.657%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.444%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.445%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Useful productive planted area (hectare) eligible for fair value calculation</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,298,200</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,228,834</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mature assets (6 to 7 years)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">181,175</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">173,476</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Immature assets (1 to 5 years)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,117,025</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,055,358</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average annual growth (IMA) – m</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">3</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">/hectare/year</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">38.13</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">37.46</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average gross sale price of eucalyptus – R$/m</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">3</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">116.77</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">111.9</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Discount rate (post-tax)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8.10</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8.10</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">%</span></div></td><td colspan="3" style="display:none"></td></tr></table> 1298200000 1228834000 181175000 173476000 1117025000 1055358000 38130 37460 116770 111900 0.0810 0.0810 <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:74.222%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.955%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Physical changes and discount rate </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">452,463</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">325,445</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Price of wood</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">705,265</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,191,013</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,157,728</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,516,458</span></div></td></tr></table></div> -452463000 -325445000 -705265000 -1191013000 -1157728000 -1516458000 <div style="margin-bottom:11pt"><span id="i33b1991939e740ef99faced9c3440fe7"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">18 INVESTMENTS</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="iff634c835cc1476d9b4a861988858d9c"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">18.1 Investments breakdown</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:66.331%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.968%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Investments in associates and joint ventures</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">236,958</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">264,312 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Goodwill </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">29,384</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">29,384 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Other investments evaluated at fair value through other comprehensive income </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">862,512</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">901,181 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,128,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,194,877</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Investments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,128,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,194,877 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,128,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,194,877</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:18pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1) It includes the fair value measurement of Lenzing Aktiengesellschaft. As of June 30, 2026, the carrying amount of the investment was R$830,281 (R$865,986 as of December 31, 2025).</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i7f07093b3fff4c1da086903833fc7b49"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">18.2 Investments in associates and joint ventures </span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:29.172%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.360%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.082%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.656%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.656%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.656%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.664%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Information of investees as at</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Company Participation</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Carrying amount</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">In the income (expenses) for the period</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Equity</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Income (expenses) of the period</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Participation equity (%)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Associate</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Foreign</span></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Ensyn Corporation </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,539)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Spinnova Plc </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">180,554</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(88,585)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">18.75</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">33,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">54,391 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(16,610)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(9,155)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Simplifyber, Inc. </span></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">38,076</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(11,406)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">15.52</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,909</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">7,973 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(1,770)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(562)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allotrope Energy Ltd</span></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,619</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">19.72</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">516</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">556 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">40,279</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">62,920</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(18,380)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(14,256)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Joint ventures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Domestic (Brazil)</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Biomas - Serviços Ambientais, Restauração e Carbono Ltda.</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">20,394</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(16,367)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16.66</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,815</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,945 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(2,631)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3,107)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Ibema Companhia Brasileira de Papel</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">386,501</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(9,174)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">49.90</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">192,864</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">197,442 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(4,578)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">9,147 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Foreign</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Woodspin Oy </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(117,232)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">196,679</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">201,387</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(7,209)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(111,192)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Other investments evaluated at fair value through other comprehensive income</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Bem Agro Integração e Desenvolvimento S.A.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4.58</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,368</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,581 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Celluforce Inc.</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">8.28</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">23,553</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">25,975 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Nfinite Nanotechnology Inc.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5.40</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,305</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,639 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Lenzing Aktiengesellschaft </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">15.00</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">830,281</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">865,986 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">862,507</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">901,181</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Goodwill </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)(3)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">29,389</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">29,389</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(63,634)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">29,389</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">29,389</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(63,634)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,128,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,194,877</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(25,589)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(189,082)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">In November 2025, the Company sold its entire equity interest in Ensyn Corporation, liquidated F&amp;E Technologies LLC, and recognized impairment of the investment in F&amp;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. </span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">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. </span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">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.</span></div> <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:66.331%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.968%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Investments in associates and joint ventures</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">236,958</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">264,312 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Goodwill </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">29,384</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">29,384 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Other investments evaluated at fair value through other comprehensive income </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">862,512</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">901,181 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,128,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,194,877</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Investments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,128,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,194,877 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,128,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,194,877</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:18pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1) It includes the fair value measurement of Lenzing Aktiengesellschaft. As of June 30, 2026, the carrying amount of the investment was R$830,281 (R$865,986 as of December 31, 2025).</span></div> 236958000 264312000 29384000 29384000 862512000 901181000 1128854000 1194877000 1128854000 1194877000 1128854000 1194877000 830281000 865986000 <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:29.172%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.360%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.082%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.656%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.656%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.656%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.664%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Information of investees as at</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Company Participation</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Carrying amount</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">In the income (expenses) for the period</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Equity</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Income (expenses) of the period</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Participation equity (%)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Associate</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Foreign</span></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Ensyn Corporation </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,539)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Spinnova Plc </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">180,554</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(88,585)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">18.75</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">33,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">54,391 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(16,610)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(9,155)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Simplifyber, Inc. </span></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">38,076</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(11,406)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">15.52</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,909</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">7,973 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(1,770)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(562)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allotrope Energy Ltd</span></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,619</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">19.72</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">516</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">556 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">40,279</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">62,920</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(18,380)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(14,256)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Joint ventures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Domestic (Brazil)</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Biomas - Serviços Ambientais, Restauração e Carbono Ltda.</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">20,394</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(16,367)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16.66</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,815</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,945 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(2,631)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3,107)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Ibema Companhia Brasileira de Papel</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">386,501</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(9,174)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">49.90</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">192,864</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">197,442 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(4,578)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">9,147 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Foreign</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Woodspin Oy </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(117,232)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">196,679</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">201,387</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(7,209)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(111,192)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Other investments evaluated at fair value through other comprehensive income</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Bem Agro Integração e Desenvolvimento S.A.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4.58</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,368</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,581 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Celluforce Inc.</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">8.28</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">23,553</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">25,975 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Nfinite Nanotechnology Inc.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5.40</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,305</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,639 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Lenzing Aktiengesellschaft </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">15.00</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">830,281</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">865,986 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">862,507</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">901,181</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Goodwill </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)(3)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">29,389</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">29,389</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(63,634)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">29,389</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">29,389</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(63,634)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,128,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,194,877</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(25,589)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(189,082)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">In November 2025, the Company sold its entire equity interest in Ensyn Corporation, liquidated F&amp;E Technologies LLC, and recognized impairment of the investment in F&amp;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. </span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">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. </span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">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.</span></div> -4539000 180554000 -88585000 0.1875 33854000 54391000 -16610000 -9155000 38076000 -11406000 0.1552 5909000 7973000 -1770000 -562000 2619000 0.1972 516000 556000 40279000 62920000 -18380000 -14256000 20394000 -16367000 0.1666 3815000 3945000 -2631000 -3107000 386501000 -9174000 0.4990 192864000 197442000 -4578000 9147000 -117232000 196679000 201387000 -7209000 -111192000 0.0458 3368000 3581000 0.0828 23553000 25975000 0.0540 5305000 5639000 0.1500 830281000 865986000 862507000 901181000 29389000 29389000 -63634000 29389000 29389000 -63634000 1128854000 1194877000 -25589000 -189082000 -160462000 371000 9896000 0.44 0.46 -117447000 -28679000 -15636000 -63634000 88871000 <div style="margin-bottom:11pt"><span id="ia29b326938f749f9a4c520e050628fc5"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">19 PROPERTY, PLANT AND EQUIPMENT    </span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.329%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Land</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Buildings</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Machinery, <br/>equipment and facilities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Work in progress</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Other </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Average rate % </span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">3.44</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">7.20</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">19.81</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated cost</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">16,775,348 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">13,816,631 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">62,822,096 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,510,535 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,806,592 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">98,731,202 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated depreciation</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,294,038)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(28,541,598)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(909,526)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(33,745,162)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at December 31, 2024</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,775,348</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,522,593</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">34,280,498</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,510,535</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">897,066</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">64,986,040</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Additions</span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,080 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">262 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">649,533 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,880,270 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">45,681 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">4,578,826 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(64,222)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(54,566)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(152,457)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(154,907)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(426,152)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Depreciation</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(434,875)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,123,031)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(287,270)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,845,176)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Transfers and other</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,980 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">896,470 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,524,210 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,626,006)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">201,995 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2,649 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated cost</span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">16,720,186 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">14,589,194 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">66,353,229 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2,764,799 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,830,011 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">102,257,419 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated depreciation</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,659,310)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(32,174,476)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1,127,446)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(37,961,232)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at December 31, 2025</span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,720,186</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,929,884</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">34,178,753</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,764,799</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">702,565</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">64,296,187</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Additions</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">229,652</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,587,554</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">402</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,817,608</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(50,059)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(3,154)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(15,387)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(2,599)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(71,199)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Depreciation</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(232,237)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(1,998,685)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(123,209)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(2,354,131)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Transfers and other </span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(1,430)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">136,332</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,214,169</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(2,476,946)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">134,390</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,515</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated cost</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,668,697</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">14,713,150</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">68,163,440</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,875,407</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,888,784</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">103,309,478</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated depreciation</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(4,882,325)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(33,554,938)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(1,177,235)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(39,614,498)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at June 30, 2026</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,668,697</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,830,825</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">34,608,502</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,875,407</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">711,549</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">63,694,980</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Includes vehicles, furniture and utensils and computer equipment.</span></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026, the Company evaluated the business, market and climate impacts, and did not identify any material event that indicated the need to perform an impairment test and to record any impairment provision for property, plant and equipment.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i4101e74512024bcda82a130c39ab6cc0"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">19.1 Items pledged as collateral</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026, property, plant and equipment items pledged as collateral, consisting mainly of the units of Ribas do Rio Pardo, Três Lagoas and Imperatriz are set forth below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:52.128%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.568%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.381%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Type of collateral</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Land</span></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:10pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial/Legal</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">25,184</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25,562 </span></td><td style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Buildings</span></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:10pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,693,425</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,719,004 </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Machinery, equipment and facilities </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:10pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,466,737</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,437,703 </span></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Work in progress</span></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:10pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">385,788</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">339,063 </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:10pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">61,203</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48,475 </span></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,632,337</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:10pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">21,569,807</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:10pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The Company formalized, on January 30, 2026, the release of the fiduciary collateral over machinery and equipment associated with the Ribas do Rio Pardo pulp mill, previously pledged in favor of HSBC Corporate Trustee Company (UK) Limited, as Security Agent, and Finnish Export Credit Ltd. (FEC), in connection with the financing agreement entered into by the Company with Finnvera, totaling R$10,686,019. Following the termination of the financing agreement, the related assets were fully released from the collateral and any associated encumbrances.</span></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i52a0acc9c8c04e9fab3581ad440c067e"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">19.2 Capitalized expenses</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the period ended June 30, 2026, the Company capitalized loan costs in the amount of R$44,289 (R$274,731 as of December 31, 2025). The weighted average interest rate, adjusted by the equalization of the exchange rate effects, utilized to determine the capitalized amount was 12.87% p.a. (13.35% p.a. as of December 31, 2025).</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i3e496aaf5c93491faf6c483f09b5ae1e"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">19.3 Asset Retirement Obligation (ARO)</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026, the Company has provisioned the amount of R$69,495</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> (R$68,681</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> as of December 31, 2025) arising asset retirement obligation of industrial landfills The corresponding liability is recorded under “Other liabilities,” segregated between current and non-current, according to the expected settlement date.</span></div> <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.329%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Land</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Buildings</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Machinery, <br/>equipment and facilities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Work in progress</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Other </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Average rate % </span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">3.44</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">7.20</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:700;line-height:120%">19.81</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated cost</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">16,775,348 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">13,816,631 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">62,822,096 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,510,535 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,806,592 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">98,731,202 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated depreciation</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,294,038)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(28,541,598)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(909,526)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(33,745,162)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at December 31, 2024</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,775,348</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,522,593</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">34,280,498</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,510,535</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">897,066</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">64,986,040</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Additions</span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,080 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">262 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">649,533 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,880,270 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">45,681 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">4,578,826 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(64,222)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(54,566)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(152,457)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(154,907)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(426,152)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Depreciation</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(434,875)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,123,031)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(287,270)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,845,176)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Transfers and other</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,980 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">896,470 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,524,210 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,626,006)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">201,995 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2,649 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated cost</span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">16,720,186 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">14,589,194 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">66,353,229 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2,764,799 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,830,011 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">102,257,419 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated depreciation</span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,659,310)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(32,174,476)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1,127,446)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(37,961,232)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at December 31, 2025</span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,720,186</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,929,884</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">34,178,753</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,764,799</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">702,565</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">64,296,187</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Additions</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">229,652</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,587,554</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">402</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,817,608</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(50,059)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(3,154)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(15,387)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(2,599)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(71,199)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Depreciation</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(232,237)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(1,998,685)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(123,209)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(2,354,131)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Transfers and other </span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(1,430)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">136,332</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,214,169</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(2,476,946)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">134,390</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,515</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated cost</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,668,697</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">14,713,150</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">68,163,440</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,875,407</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,888,784</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">103,309,478</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Accumulated depreciation</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(4,882,325)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(33,554,938)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(1,177,235)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(39,614,498)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at June 30, 2026</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,668,697</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,830,825</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">34,608,502</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,875,407</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">711,549</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">63,694,980</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Includes vehicles, furniture and utensils and computer equipment.</span></div> 0.0344 0.0720 0.1981 16775348000 13816631000 62822096000 3510535000 1806592000 98731202000 -4294038000 -28541598000 -909526000 -33745162000 16775348000 9522593000 34280498000 3510535000 897066000 64986040000 3080000 262000 649533000 3880270000 45681000 4578826000 64222000 54566000 152457000 154907000 426152000 434875000 4123031000 287270000 4845176000 5980000 896470000 3524210000 -4626006000 201995000 2649000 16720186000 14589194000 66353229000 2764799000 1830011000 102257419000 -4659310000 -32174476000 -1127446000 -37961232000 16720186000 9929884000 34178753000 2764799000 702565000 64296187000 229652000 1587554000 402000 1817608000 50059000 3154000 15387000 2599000 71199000 232237000 1998685000 123209000 2354131000 -1430000 136332000 2214169000 -2476946000 134390000 6515000 16668697000 14713150000 68163440000 1875407000 1888784000 103309478000 -4882325000 -33554938000 -1177235000 -39614498000 16668697000 9830825000 34608502000 1875407000 711549000 63694980000 <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026, property, plant and equipment items pledged as collateral, consisting mainly of the units of Ribas do Rio Pardo, Três Lagoas and Imperatriz are set forth below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:52.128%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.568%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.381%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Type of collateral</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Land</span></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:10pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial/Legal</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">25,184</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25,562 </span></td><td style="background-color:#ebebeb;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Buildings</span></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:10pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,693,425</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,719,004 </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Machinery, equipment and facilities </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:10pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,466,737</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,437,703 </span></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Work in progress</span></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:10pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">385,788</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">339,063 </span></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:10pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">61,203</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48,475 </span></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,632,337</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:10pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">21,569,807</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:10pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The Company formalized, on January 30, 2026, the release of the fiduciary collateral over machinery and equipment associated with the Ribas do Rio Pardo pulp mill, previously pledged in favor of HSBC Corporate Trustee Company (UK) Limited, as Security Agent, and Finnish Export Credit Ltd. (FEC), in connection with the financing agreement entered into by the Company with Finnvera, totaling R$10,686,019. Following the termination of the financing agreement, the related assets were fully released from the collateral and any associated encumbrances.</span></div> 25184000 25562000 1693425000 1719004000 8466737000 19437703000 385788000 339063000 61203000 48475000 10632337000 21569807000 10686019000 44289000 274731000 0.1287 0.1335 69495000 68681000 <div style="margin-bottom:11pt"><span id="i2ac77639dcd845f2bf2e0a10fb674f0f"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">20 INTANGIBLE </span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="iccb46cf39d7d427caa505a4ab04e4231"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">20.1 Goodwill and intangible assets with indefinite useful lives</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill - Facepa (Tissue plant in Belém/PA)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">119,332</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">119,332 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill - Fibria (Pulp Mills)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,897,051</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,897,051 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill - MMC Brasil (Tissue plant in Mogi das Cruzes/SP)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">170,859</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">170,859 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,100</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,097 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,192,342</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,192,339</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers to other intangible assets with indefinite useful lives such as servitude of passage and electricity.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The goodwill is based on expected future profitability supported by valuation reports, after the purchase price allocation.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Goodwill is allocated to cash-generating units as presented in Note 5.4.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the six-month period ended June 30, 2026, the Company did not identify any event that indicated the need to perform the impairment test and to record any impairment provision for intangible assets.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i7c1e9e488335499ca7f1cd407b449172"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">20.2 Intangible assets with limited useful lives</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:44.954%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.703%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.968%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.256%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,778,353</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,709,964 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Additions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">71,385</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">82,492 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(36)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3,015)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(507,777)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,011,088)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,341,925</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,778,353</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Represented by</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average annual rate %</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Port concessions</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3.94</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">605,494</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">621,842 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Supplier agreements</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12.70</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,704</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,111 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Port service contracts</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.26</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">476,416</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">491,094 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trademarks and patents</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8.14</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">147,380</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">154,846 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Customer portfolio</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9.10</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,873,430</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,283,919 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Software</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">25.45</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">227,397</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">206,635 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10.00</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,104</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,906 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,341,925</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,778,353</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cost</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,965,804</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">12,617,166 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Amortization</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(7,623,879)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(7,838,813)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,341,925</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,778,353</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the six-month period ended June 30, 2026, the Company assessed business, market, and climate-related impacts and did not identify any material events that would indicate the need to perform an impairment test or recognize any provision related to the recoverable amount of intangible assets with definite useful lives.</span></div> <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill - Facepa (Tissue plant in Belém/PA)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">119,332</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">119,332 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill - Fibria (Pulp Mills)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,897,051</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">7,897,051 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill - MMC Brasil (Tissue plant in Mogi das Cruzes/SP)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">170,859</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">170,859 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,100</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,097 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,192,342</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,192,339</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Refers to other intangible assets with indefinite useful lives such as servitude of passage and electricity.</span></div> 119332000 119332000 7897051000 7897051000 170859000 170859000 5100000 5097000 8192342000 8192339000 <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:44.954%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.703%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.968%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.256%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,778,353</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,709,964 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Additions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">71,385</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">82,492 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(36)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3,015)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(507,777)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,011,088)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,341,925</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,778,353</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Represented by</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average annual rate %</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Port concessions</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3.94</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">605,494</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">621,842 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Supplier agreements</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12.70</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,704</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,111 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Port service contracts</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.26</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">476,416</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">491,094 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trademarks and patents</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8.14</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">147,380</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">154,846 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Customer portfolio</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9.10</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,873,430</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,283,919 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Software</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">25.45</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">227,397</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">206,635 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10.00</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,104</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,906 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,341,925</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,778,353</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cost</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,965,804</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">12,617,166 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Amortization</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(7,623,879)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(7,838,813)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,341,925</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,778,353</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 4778353000 5709964000 71385000 82492000 36000 3015000 507777000 1011088000 4341925000 4778353000 0.0394 605494000 621842000 0.1270 3704000 11111000 0.0426 476416000 491094000 0.0814 147380000 154846000 0.0910 2873430000 3283919000 0.2545 227397000 206635000 0.1000 8104000 8906000 4341925000 4778353000 11965804000 12617166000 -7623879000 -7838813000 4341925000 4778353000 <div style="margin-bottom:11pt"><span id="i94d96cbed92e4c62bbaf4742235d1481"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">21 TRADE ACCOUNTS PAYABLE</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In local currency</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Third party </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-left:0.42pt;padding-right:0.42pt;text-align:center"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,303,442</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,065,115 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Related party (Note 15.1) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-left:0.42pt;padding-right:0.42pt;text-align:center"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">791</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">681 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In foreign currency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Third party</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-left:0.42pt;padding-right:0.42pt;text-align:center"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,280,825</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,075,590 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,585,058</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,141,386</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Within the balance of suppliers, there are values under supplier finance arrangement that were subject to anticipation with financial institutions at the exclusive option of certain suppliers, without changing the originally defined purchase conditions (payment terms and negotiated prices). The balance related to such operations on June 30, 2026 was R$478,872 (R$438,830 at December 31, 2025).</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The balance refers mainly to transactions with Ibema Companhia Brasileira de Papel.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i466a83f8efe54a42a38c0894425303c0"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">21.1 Long-term commitments</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i898d3fbe1a18468ea572a3d9304b7789"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">21.1.1 Long-term commitments - Take or Pay arrangements </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">During the six-month period ended June 30, 2026, no material changes were identified in the Company’s long-term contracts with a minimum supply clause compared to the information disclosed in the financial statements for the year ended December 31, 2025 (Note 17.1.1).</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i02fd8398f1804c10b243c878819802ec"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">21.1.2 Exchange and acquisition of biological assets</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In line with the Company’s strategy for forest expansion and optimization of wood supply for its operations in the State of Mato Grosso do Sul, the Company entered into exchange and purchase agreements for biological assets in August 2025. Under the terms of these agreements, the Company receives specified volumes of biological assets between 2025 and 2027. In return, under the exchange agreement, the Company is expected to deliver equivalent volumes between 2028 and 2031.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On September 15, 2025, and January 2, 2026, payments in the amounts of R$878,049 and R$464,156 respectively, were made under the land swap agreement. The remaining amounts payable total R$1,523,529, with R$380,946 due in 2026 and R$1,142,584 due in 2028, in accordance with the contractual schedule.</span></div> <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In local currency</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Third party </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-left:0.42pt;padding-right:0.42pt;text-align:center"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,303,442</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,065,115 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Related party (Note 15.1) </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-left:0.42pt;padding-right:0.42pt;text-align:center"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">791</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">681 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">In foreign currency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Third party</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-left:0.42pt;padding-right:0.42pt;text-align:center"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,280,825</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,075,590 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,585,058</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,141,386</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Within the balance of suppliers, there are values under supplier finance arrangement that were subject to anticipation with financial institutions at the exclusive option of certain suppliers, without changing the originally defined purchase conditions (payment terms and negotiated prices). The balance related to such operations on June 30, 2026 was R$478,872 (R$438,830 at December 31, 2025).</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The balance refers mainly to transactions with Ibema Companhia Brasileira de Papel.</span></div> 4303442000 4065115000 791000 681000 1280825000 1075590000 5585058000 5141386000 478872000 438830000 878049000 464156000 1523529000 380946000 1142584000 <div style="margin-bottom:11pt"><span id="i9478e74e93004fe6967311f017019bcd"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">22 LOANS, FINANCING AND DEBENTURES</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i36cbcca6f7674fcba45d696eda3e4626"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">22.1 Breakdown by type</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:26.590%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.212%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.513%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Current</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Non-current</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Type</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Currency</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Interest rate</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Average annual interest rate - %</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">In foreign currency</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Bonds</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">USD</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Fixed</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5.0</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">796,510</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">815,478 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">39,586,169</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">42,405,964 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">40,382,679</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">43,221,442 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Panda Bonds</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CNY</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Fixed</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2.7</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">33,156</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">6,785 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,981,055</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">2,039,941 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2,014,211</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">2,046,726 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Export credits (“export prepayments”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">USD</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">SOFR/Fixed</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5.4</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2,570,445</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">923,820 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">13,321,704</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">16,901,305 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">15,892,149</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">17,825,125 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Assets financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">USD</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3.5</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">101,776</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">107,159 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">117,727</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">178,526 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">219,503</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">285,685 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">ECA - Export Credit Agency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">USD</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5.3</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">14,595</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">17,426 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,673,813</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,778,184 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,688,408</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,795,610 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">IFC - International Finance Corporation </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:3.9pt;font-weight:400;line-height:120%;position:relative;top:-2.1pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">USD</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5.6</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">(4,829)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">(5,485)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,856,113</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,182,737 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,851,284</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,177,252 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Others</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 6.4pt;text-indent:-10.8pt"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 6.4pt;text-indent:-10.8pt"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,859</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,516 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,859</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,516 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,515,512</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,870,699</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">61,536,581</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">68,486,657</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">65,052,093</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">70,357,356</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">In local currency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">UMBNDES</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">6.6</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">10,348</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,794 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">489,051</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">468,025 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">499,399</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">473,819 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">TJLP</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">8.5</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">47,130</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">89,150 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">10,085</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">11,802 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">57,215</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100,952 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">TLP</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">11.6</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">226,990</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">178,549 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5,688,355</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,562,188 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5,915,345</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,740,737 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Fixed</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">6.8</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">729</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">56,240</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">56,969</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">SELIC</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">16.5</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">165,973</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">282,017 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">529,066</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">514,605 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">695,039</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">796,622 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">TR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4.3</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">10,596</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">9,933 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">148,276</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">153,762 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">158,872</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">163,695 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Assets financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">16.4</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">18,986</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">18,799 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">28,705</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">38,214 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">47,691</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">57,013 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">NCE (“Export credit notes”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">17.0</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,792</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">4,157 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100,000 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">103,792</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">104,157 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">NCR (“Rural producer certificates”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">13.8</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">118,109</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">369,572 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5,451,530</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,000,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5,569,639</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,369,572 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">ECO INVEST - Crédito Agroindustria</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">14.3</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5,434</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">7,094 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">327,578</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">327,263 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">333,012</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">334,357 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Rural Product Note ("CPR")</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI/IPCA</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12.2</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">74,054</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">41,894 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,500,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,954,437 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,574,908</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,996,331 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Debentures</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI/IPCA</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">13.3</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">129,566</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">127,247 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">9,512,582</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">9,179,399 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">9,642,148</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">9,306,646 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">811,707</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,134,206</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">26,842,322</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">23,309,695</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">27,654,029</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">24,443,901</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,327,219</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,004,905</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">88,378,903</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">91,796,352</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">92,706,122</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">94,801,257</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Interest on financing</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,806,789</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,525,436 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">451,530</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2,258,319</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,525,436 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Non-current funding</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2,520,430</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,479,469 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">87,927,373</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">91,796,352 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">90,447,803</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">93,275,821 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,327,219</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,004,905</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">88,378,903</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">91,796,352</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">92,706,122</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">94,801,257</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1) The balances shown as negative include fundraising costs</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i3909d60d751f4d0cbbc989124ea0e637"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">22.2 Breakdown by maturity - non-current</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:31.611%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2027</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2028</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2029</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2030</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2031</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2032 onwards </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">In foreign currency</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Bonds</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,579,785</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">8,598,098</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,116,282</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,471,082</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,820,922</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">39,586,169</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Panda Bonds </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">915,230</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">989,540</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">76,285</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,981,055</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Export credits (“export prepayments”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,552,288</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,449,249</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,423,547</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,064,262</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">832,358</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">13,321,704</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Assets financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">49,589</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">62,326</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,812</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">117,727</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">ECA - Export Credit Agency </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">644,327</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,029,486</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,673,813</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">IFC - International Finance Corporation </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,207,873</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,648,240</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,856,113</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,517,107</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,080,900</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,027,457</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">10,256,829</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,155,640</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">21,498,648</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">61,536,581</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">In local currency</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES – TJLP</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,891</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,782</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,782</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">630</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">10,085</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES – TLP</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">81,114</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">159,396</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">145,230</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">387,945</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">490,292</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,424,378</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,688,355</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES – Fixed</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,562</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,124</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,805</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,867</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,867</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">40,015</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">56,240</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES – SELIC</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">17,317</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">42,369</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">42,369</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">42,369</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">42,369</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">342,273</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">529,066</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES – TR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,534</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">11,068</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">11,068</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">11,068</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">11,068</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">98,470</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">148,276</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES - UMBNDES</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,267</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,678</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,678</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,678</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,678</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">433,072</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">489,051</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Ecoinvest</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">73,617</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">73,617</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">73,617</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">106,727</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">327,578</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Assets financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,604</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">19,033</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">68</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">28,705</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">NCE (“Export credit notes”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">25,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">25,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">25,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">25,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">100,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Rural Product Note ("CPR")</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,500,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,500,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">NCR (“Rural producer certificates”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,000,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,451,530</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,451,530</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Debentures </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">573,130</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">500,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">8,439,452</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,512,582</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">147,289</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">276,450</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">317,617</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,130,304</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,585,421</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">18,385,241</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">26,842,322</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,664,396</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,357,350</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,345,074</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">13,387,133</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">13,741,061</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">39,883,889</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">88,378,903</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i2a398dde70e34d9bb79f7ab046f0530f"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">22.3 Roll-forward of loans, financing and debentures</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">94,801,257</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">101,435,531 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fundraising, net of issuance costs </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,896,932</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">23,871,760 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest accrued </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,876,547</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,953,778 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Monetary and exchange rate variation, net</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,615,919)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8,384,101)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Settlement of principal </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,669,130)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(22,353,325)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Settlement of interest </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,629,067)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(5,817,907)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization of fundraising costs </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">45,502</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">101,803 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Others </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(6,282)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">92,706,122</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">94,801,257</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="ib40bfc35bf784e13994dfd7755c3c9c7"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">22.4 Fundraising costs</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The fundraising costs are amortized based on the terms of agreements and the effective interest rate.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:38.067%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.258%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balance to be amortized</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Type</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cost</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Amortization</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Bonds</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">411,818</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">287,983</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">123,835</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">142,598 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Panda Bonds</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,183</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,801</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,382</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,617 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Rural Product Note ("CPR")</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">144,391</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,405</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">138,986</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">63,819 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Export credits (“export prepayments”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">180,466</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">125,585</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">54,881</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">71,612 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Debentures</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">157,139</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">52,103</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">105,036</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">110,409 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">101,771</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">58,643</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">43,128</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">41,023 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ECA - Export Credit Agency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">13,615</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,251</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,364</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">12,072 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">IFC - International Finance Corporation</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">106,968</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">34,848</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">72,120</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">57,186 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Others</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,797</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">464</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,333</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,641 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,127,148</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">570,083</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">557,065</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">508,977</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i3abca88df5dc4b2995ed83503472b711"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">22.5 Guarantees</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Some loan and financing agreements have guarantees clauses, in which the financed equipment or other property, plant and equipment is offered as collateral by the Company, as disclosed in Note 19.1.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company does not have contracts with restrictive financial clauses (financial covenants) which must be complied with.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="iadfdf99717be486184e1bd7948d0101c"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">22.6 Relevant transactions entered into during the period</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i79840e1910bf4f4a8cbad9c0cb60149d"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">22.6.1 New Revolving Credit Facility (RCF)</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On February 5, 2026, the Company entered into a new Revolving Credit Facility through its subsidiary Suzano International Finance B.V., replacing the facility in place since February 2022. The new facility increased the total available revolving credit lines from US$1,275,000 to US$1,775,000 (equivalent to </span><span style="background-color:#ffffff;color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">R$9,188,465</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">). The purpose of this new facility is to further strengthen the Company’s already robust liquidity position, providing greater cash flexibility over the coming years.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The total committed amount of US$1,775,000 has an availability period through February 2031. The commitment fee, if the facility remains undrawn, is 0.27% per annum; if drawn, the cost will be SOFR + 0.90% per annum.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i0119140fd2d64b1894d3d42e891348d5"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">22.6.2 Issuance of Rural Product Notes (Cédulas de Produto Rural – CPRs)</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On April 1, 2026, the Company completed the fundraising of its 2nd issuance of Financial Settlement Rural Product Notes (CPR-Fs), issued in two tranches totaling R$2,500,000, of which R$1,500,000 relate to the first tranche and R$1,000,000 to the second tranche.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The CPR-Fs were issued on March 15, 2026, with maturities of 10 years for the first tranche, due on March 15, 2036, and 12 years for the second tranche, due on March 15, 2038. The CPR-Fs bear interest of 7.0464% per annum for the first tranche and 6.8338% per annum for the second tranche, accruing on the updated nominal unit value, which is adjusted by the accumulated variation of the IPCA inflation index.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i588e3d9d10744b919e38e5bbe89692b0"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">22.7 Significant transactions settled during the period</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company did not enter into any material settlements during the six-month period ended June 30, 2026.</span></div> <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:26.590%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.212%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.513%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Current</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Non-current</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Type</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Currency</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Interest rate</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Average annual interest rate - %</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12/31/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">In foreign currency</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Bonds</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">USD</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Fixed</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5.0</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">796,510</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">815,478 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">39,586,169</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">42,405,964 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">40,382,679</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">43,221,442 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Panda Bonds</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CNY</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Fixed</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2.7</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">33,156</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">6,785 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,981,055</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">2,039,941 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2,014,211</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">2,046,726 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Export credits (“export prepayments”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">USD</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">SOFR/Fixed</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5.4</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2,570,445</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">923,820 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">13,321,704</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">16,901,305 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">15,892,149</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">17,825,125 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Assets financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">USD</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3.5</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">101,776</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">107,159 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">117,727</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">178,526 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">219,503</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">285,685 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">ECA - Export Credit Agency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">USD</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5.3</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">14,595</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">17,426 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,673,813</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,778,184 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,688,408</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,795,610 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">IFC - International Finance Corporation </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:3.9pt;font-weight:400;line-height:120%;position:relative;top:-2.1pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">USD</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">SOFR</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5.6</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">(4,829)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">(5,485)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,856,113</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,182,737 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,851,284</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,177,252 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Others</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 6.4pt;text-indent:-10.8pt"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 6.4pt;text-indent:-10.8pt"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,859</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,516 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,859</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,516 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,515,512</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,870,699</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">61,536,581</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">68,486,657</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">65,052,093</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">70,357,356</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">In local currency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">UMBNDES</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">6.6</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">10,348</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,794 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">489,051</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">468,025 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">499,399</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">473,819 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">TJLP</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">8.5</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">47,130</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">89,150 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">10,085</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">11,802 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">57,215</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100,952 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">TLP</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">11.6</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">226,990</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">178,549 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5,688,355</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,562,188 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5,915,345</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,740,737 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Fixed</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">6.8</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">729</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">56,240</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">56,969</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">SELIC</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">16.5</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">165,973</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">282,017 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">529,066</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">514,605 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">695,039</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">796,622 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">BNDES</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">TR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4.3</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">10,596</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">9,933 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">148,276</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">153,762 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">158,872</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">163,695 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Assets financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">16.4</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">18,986</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">18,799 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">28,705</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">38,214 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">47,691</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">57,013 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">NCE (“Export credit notes”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">17.0</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,792</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">4,157 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">100,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">100,000 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">103,792</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">104,157 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">NCR (“Rural producer certificates”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">13.8</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">118,109</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">369,572 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5,451,530</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,000,000 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5,569,639</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">5,369,572 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">ECO INVEST - Crédito Agroindustria</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">14.3</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">5,434</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">7,094 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">327,578</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">327,263 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">333,012</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">334,357 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Rural Product Note ("CPR")</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI/IPCA</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">12.2</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">74,054</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">41,894 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,500,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,954,437 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,574,908</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,996,331 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Debentures</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">BRL</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 6.4pt;text-align:center;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:center;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">CDI/IPCA</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">13.3</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">129,566</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">127,247 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">9,512,582</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">9,179,399 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">9,642,148</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">9,306,646 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">811,707</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,134,206</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">26,842,322</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">23,309,695</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">27,654,029</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">24,443,901</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,327,219</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,004,905</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">88,378,903</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">91,796,352</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">92,706,122</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">94,801,257</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Interest on financing</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">1,806,789</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,525,436 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">451,530</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2,258,319</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,525,436 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">Non-current funding</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2,520,430</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">1,479,469 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">87,927,373</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">91,796,352 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">90,447,803</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">93,275,821 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">4,327,219</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,004,905</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">88,378,903</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">91,796,352</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">92,706,122</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">94,801,257</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1) The balances shown as negative include fundraising costs</span></div> 0.050 796510000 815478000 39586169000 42405964000 40382679000 43221442000 0.027 33156000 6785000 1981055000 2039941000 2014211000 2046726000 0.054 2570445000 923820000 13321704000 16901305000 15892149000 17825125000 0.035 101776000 107159000 117727000 178526000 219503000 285685000 0.053 14595000 17426000 1673813000 1778184000 1688408000 1795610000 0.056 -4829000 -5485000 4856113000 5182737000 4851284000 5177252000 3859000 5516000 3859000 5516000 3515512000 1870699000 61536581000 68486657000 65052093000 70357356000 0.066 10348000 5794000 489051000 468025000 499399000 473819000 0.085 47130000 89150000 10085000 11802000 57215000 100952000 0.116 226990000 178549000 5688355000 5562188000 5915345000 5740737000 0.068 729000 56240000 56969000 0.165 165973000 282017000 529066000 514605000 695039000 796622000 0.043 10596000 9933000 148276000 153762000 158872000 163695000 0.164 18986000 18799000 28705000 38214000 47691000 57013000 0.170 3792000 4157000 100000000 100000000 103792000 104157000 0.138 118109000 369572000 5451530000 5000000000 5569639000 5369572000 0.143 5434000 7094000 327578000 327263000 333012000 334357000 0.122 74054000 41894000 4500854000 1954437000 4574908000 1996331000 0.133 129566000 127247000 9512582000 9179399000 9642148000 9306646000 811707000 1134206000 26842322000 23309695000 27654029000 24443901000 4327219000 3004905000 88378903000 91796352000 92706122000 94801257000 1806789000 1525436000 451530000 2258319000 1525436000 2520430000 1479469000 87927373000 91796352000 90447803000 93275821000 4327219000 3004905000 88378903000 91796352000 92706122000 94801257000 <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:31.611%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2027</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2028</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2029</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2030</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2031</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2032 onwards </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">In foreign currency</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Bonds</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,579,785</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">8,598,098</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,116,282</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,471,082</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">16,820,922</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">39,586,169</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Panda Bonds </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">915,230</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">989,540</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">76,285</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,981,055</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Export credits (“export prepayments”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,552,288</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,449,249</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,423,547</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,064,262</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">832,358</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">13,321,704</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Assets financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">49,589</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">62,326</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,812</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">117,727</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">ECA - Export Credit Agency </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">644,327</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,029,486</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,673,813</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:middle"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">IFC - International Finance Corporation </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,207,873</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,648,240</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,856,113</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,517,107</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,080,900</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,027,457</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">10,256,829</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,155,640</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">21,498,648</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">61,536,581</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">In local currency</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES – TJLP</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,891</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,782</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,782</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">630</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">10,085</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES – TLP</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">81,114</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">159,396</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">145,230</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">387,945</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">490,292</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,424,378</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,688,355</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES – Fixed</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,562</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,124</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,805</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,867</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,867</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">40,015</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">56,240</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES – SELIC</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">17,317</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">42,369</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">42,369</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">42,369</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">42,369</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">342,273</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">529,066</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES – TR</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,534</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">11,068</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">11,068</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">11,068</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">11,068</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">98,470</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">148,276</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">BNDES - UMBNDES</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,267</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,678</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,678</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,678</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,678</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">433,072</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">489,051</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Ecoinvest</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">73,617</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">73,617</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">73,617</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">106,727</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">327,578</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Assets financing</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,604</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">19,033</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">68</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">28,705</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">NCE (“Export credit notes”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">25,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">25,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">25,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">25,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">100,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Rural Product Note ("CPR")</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,500,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,500,854</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">NCR (“Rural producer certificates”)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,000,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,451,530</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,451,530</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Debentures </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">573,130</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">500,000</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">8,439,452</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,512,582</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">147,289</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">276,450</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">317,617</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,130,304</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,585,421</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">18,385,241</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">26,842,322</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,664,396</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,357,350</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,345,074</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">13,387,133</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">13,741,061</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">39,883,889</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">88,378,903</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 2579785000 8598098000 5116282000 6471082000 16820922000 39586169000 915230000 989540000 76285000 1981055000 1552288000 2449249000 3423547000 5064262000 832358000 13321704000 49589000 62326000 5812000 117727000 644327000 1029486000 1673813000 1207873000 3648240000 4856113000 2517107000 6080900000 12027457000 10256829000 9155640000 21498648000 61536581000 1891000 3782000 3782000 630000 10085000 81114000 159396000 145230000 387945000 490292000 4424378000 5688355000 1562000 3124000 3805000 3867000 3867000 40015000 56240000 17317000 42369000 42369000 42369000 42369000 342273000 529066000 5534000 11068000 11068000 11068000 11068000 98470000 148276000 5267000 12678000 12678000 12678000 12678000 433072000 489051000 73617000 73617000 73617000 106727000 327578000 9604000 19033000 68000 28705000 25000000 25000000 25000000 25000000 100000000 4500854000 4500854000 2000000000 3451530000 5451530000 573130000 500000000 8439452000 9512582000 147289000 276450000 317617000 3130304000 4585421000 18385241000 26842322000 2664396000 6357350000 12345074000 13387133000 13741061000 39883889000 88378903000 <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">94,801,257</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">101,435,531 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fundraising, net of issuance costs </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,896,932</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">23,871,760 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest accrued </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,876,547</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,953,778 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Monetary and exchange rate variation, net</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(3,615,919)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8,384,101)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Settlement of principal </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,669,130)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(22,353,325)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Settlement of interest </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,629,067)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(5,817,907)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization of fundraising costs </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">45,502</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">101,803 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Others </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(6,282)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">92,706,122</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">94,801,257</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 94801257000 101435531000 2896932000 23871760000 2876547000 5953778000 -3615919000 -8384101000 -1669130000 -22353325000 -2629067000 -5817907000 45502000 101803000 -6282000 92706122000 94801257000 <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:38.067%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.258%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balance to be amortized</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Type</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Cost</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Amortization</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Bonds</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">411,818</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">287,983</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">123,835</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">142,598 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Panda Bonds</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,183</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,801</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,382</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,617 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Rural Product Note ("CPR")</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">144,391</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,405</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">138,986</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">63,819 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Export credits (“export prepayments”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">180,466</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">125,585</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">54,881</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">71,612 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Debentures</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">157,139</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">52,103</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">105,036</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">110,409 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">BNDES </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">101,771</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">58,643</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">43,128</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">41,023 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ECA - Export Credit Agency</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">13,615</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,251</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,364</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">12,072 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">IFC - International Finance Corporation</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">106,968</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">34,848</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">72,120</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">57,186 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Others</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,797</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">464</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,333</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,641 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,127,148</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">570,083</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">557,065</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">508,977</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 411818000 287983000 123835000 142598000 6183000 1801000 4382000 5617000 144391000 5405000 138986000 63819000 180466000 125585000 54881000 71612000 157139000 52103000 105036000 110409000 101771000 58643000 43128000 41023000 13615000 3251000 10364000 12072000 106968000 34848000 72120000 57186000 4797000 464000 4333000 4641000 1127148000 570083000 557065000 508977000 1275000000 1775000000 9188465000 1775000000 0.0027 0.0090 2 2500000000 1500000000 1000000000 P10Y P12Y 0.070464 0.068338 <div style="margin-bottom:11pt"><span id="id401e24982eb4c498c9948957c7baf28"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">23 LEASES</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="ifc15ba1f86cd4acca1c82f8e333c4536"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">23.1 Right of use</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The balances rolled-forward are set out below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:26.590%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.387%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%"> Lands</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%"> Machinery and equipment </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Buildings</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Ships and boats</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Vehicles</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%"> Total </span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at December 31, 2024</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,475,569</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">175,043</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">114,392</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,373,338</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">42,349</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,180,691</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Additions/updates</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">618,637 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">212,173 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">135,659 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">10,765 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">977,234 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Depreciation </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1) </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(441,499)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(200,883)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(58,630)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(122,833)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1,622)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(825,467)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Write-offs </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(327)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(277)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(65)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(669)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at December 31, 2025</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,652,380</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">186,056</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">191,356</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,261,270</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">40,727</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,331,789</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Additions/updates</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">113,526</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">87,491</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">71,852</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">272,869</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Depreciation </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1) </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(221,725)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(71,348)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(35,547)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(60,388)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(572)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(389,580)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at June 30, 2026</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,544,181</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">202,199</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">227,661</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,200,882</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">40,155</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,215,078</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The amount of depreciation related to land is substantially reclassified to biological assets to make up the formation costs.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Write-off due to cancellation of contracts.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026, the Company does not have commitments to lease agreements not yet in force.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i049a413dded444d99f9d0a568db16f77"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">23.2 Lease liabilities</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The balance of lease payables on June 30, 2026, measured at present value and discounted at the respective discount rates are set forth below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.008%"><tr><td style="width:1.0%"></td><td style="width:51.577%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.378%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.378%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.384%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.378%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.389%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Nature of agreement</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average rate - % p.a. </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Maturity </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Present value of liabilities</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Lands and farms</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12.77</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">September/2053</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,109,630</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Machinery and equipment</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11.92</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">April/2035</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">307,492</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Buildings</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11.59</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">February/2035</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">231,343</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Ships and boats</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11.25</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">February/2039</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,042,930</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Vehicles</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11.10</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">November/2028</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,023</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,707,418</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">For the determination of the discount rates, the market CDI rate obtained from the yield curve on B3’s official website was used, considering the term equivalent to the final maturity and the nature of the contracts.</span></div><div style="margin-bottom:20pt;padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">Refers to the original maturities of the agreements and, therefore, does not consider eventual renewal clauses.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The balances rolled-forward are set out below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,929,890</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,972,915 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Additions/updates</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">272,869</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">977,234 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(669)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Payments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(708,928)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,447,973)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Accrual of financial charges </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">352,187</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">733,342 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exchange rate variations</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(138,600)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(304,959)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,707,418</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,929,890</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Current</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">876,526</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">857,810 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-current</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,830,892</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,072,080 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">On June 30, 2026, the amount of R$119,255 related to interest expenses on leased lands was capitalized to biological assets to represent the formation cost (R$265,463 as of December 31, 2025).</span></div><div style="margin-bottom:20pt;padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The maturity schedule for future payments not discounted to present value related to lease liabilities is disclosed in Note 4.2.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i695e42a68fd247ff8656d8a37cc5ff4d"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">23.2.1 Amounts recognized in the statement of income for the period</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The amounts presented relate to contracts that qualify for the exemptions established in the Company's accounting policy for short-term and low-value contracts. In these cases, the related assets and liabilities are not recognized, and the associated expenses are recognized directly in statement of income as incurred.</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Expenses relating to short-term assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,276</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,589 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Expenses relating to low-value assets</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">40</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">34 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,316</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,623</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:18pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr></table></div> <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The balances rolled-forward are set out below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:26.590%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.387%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%"> Lands</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%"> Machinery and equipment </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Buildings</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Ships and boats</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Vehicles</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%"> Total </span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at December 31, 2024</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,475,569</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">175,043</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">114,392</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,373,338</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">42,349</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,180,691</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Additions/updates</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">618,637 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">212,173 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">135,659 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">10,765 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">977,234 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Depreciation </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1) </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(441,499)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(200,883)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(58,630)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(122,833)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1,622)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(825,467)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Write-offs </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(327)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(277)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(65)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(669)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at December 31, 2025</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,652,380</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">186,056</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">191,356</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,261,270</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">40,727</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,331,789</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Additions/updates</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">113,526</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">87,491</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">71,852</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">272,869</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Depreciation </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1) </span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(221,725)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(71,348)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(35,547)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(60,388)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(572)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(389,580)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balances at June 30, 2026</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,544,181</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">202,199</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">227,661</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">1,200,882</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">40,155</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">5,215,078</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The amount of depreciation related to land is substantially reclassified to biological assets to make up the formation costs.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Write-off due to cancellation of contracts.</span></div> 3475569000 175043000 114392000 1373338000 42349000 5180691000 618637000 212173000 135659000 10765000 977234000 441499000 200883000 58630000 122833000 1622000 825467000 327000 277000 65000 669000 3652380000 186056000 191356000 1261270000 40727000 5331789000 113526000 87491000 71852000 272869000 221725000 71348000 35547000 60388000 572000 389580000 3544181000 202199000 227661000 1200882000 40155000 5215078000 <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The balance of lease payables on June 30, 2026, measured at present value and discounted at the respective discount rates are set forth below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.008%"><tr><td style="width:1.0%"></td><td style="width:51.577%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.378%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.378%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.384%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.378%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.389%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Nature of agreement</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average rate - % p.a. </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Maturity </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Present value of liabilities</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Lands and farms</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12.77</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">September/2053</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4,109,630</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Machinery and equipment</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11.92</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">April/2035</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">307,492</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Buildings</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11.59</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">February/2035</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">231,343</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Ships and boats</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11.25</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">February/2039</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,042,930</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Vehicles</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11.10</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">%</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">November/2028</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,023</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,707,418</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">For the determination of the discount rates, the market CDI rate obtained from the yield curve on B3’s official website was used, considering the term equivalent to the final maturity and the nature of the contracts.</span></div><div style="margin-bottom:20pt;padding-left:25.2pt;text-align:justify;text-indent:-25.2pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:15.72pt">Refers to the original maturities of the agreements and, therefore, does not consider eventual renewal clauses.</span></div> 0.1277 September/2053 4109630000 0.1192 April/2035 307492000 0.1159 February/2035 231343000 0.1125 February/2039 2042930000 0.1110 November/2028 16023000 6707418000 <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,929,890</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,972,915 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Additions/updates</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">272,869</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">977,234 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Write-offs</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(669)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Payments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(708,928)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,447,973)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Accrual of financial charges </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">352,187</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">733,342 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exchange rate variations</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(138,600)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(304,959)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,707,418</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,929,890</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Current</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">876,526</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">857,810 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Non-current</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,830,892</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,072,080 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">On June 30, 2026, the amount of R$119,255 related to interest expenses on leased lands was capitalized to biological assets to represent the formation cost (R$265,463 as of December 31, 2025).</span></div> 6929890000 6972915000 272869000 977234000 669000 708928000 1447973000 352187000 733342000 -138600000 -304959000 6707418000 6929890000 876526000 857810000 5830892000 6072080000 119255000 265463000 <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The amounts presented relate to contracts that qualify for the exemptions established in the Company's accounting policy for short-term and low-value contracts. In these cases, the related assets and liabilities are not recognized, and the associated expenses are recognized directly in statement of income as incurred.</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Expenses relating to short-term assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,276</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,589 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Expenses relating to low-value assets</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">40</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">34 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,316</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,623</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:18pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr></table></div> 1276000 1589000 40000 34000 1316000 1623000 <div style="margin-bottom:11pt"><span id="ia038138713744cb592094483f87d285d"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">24 PROVISION FOR JUDICIAL LIABILITIES</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company is involved in certain legal proceedings arising in the normal course of its business, which include tax, social security, labor, civil, environment and real estate.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company classifies the risk of unfavorable decisions in legal proceedings, based on legal advice, which reflects the estimated probable losses.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company’s Management believes that, based on the available information as of the date of these unaudited condensed consolidated interim financial information, its provisions for tax, social security, labor, civil, environment and real estate risks, accounted for according to IAS 37 are sufficient to cover estimated losses related to its legal proceedings, as set forth below:</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i268e889eab304bc49b5a02cdb1c2acd2"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">24.1 Roll-forward and changes in the provisions for probable losses based on the nature of the proceedings, net of judicial deposits</span></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:38.067%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.951%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.386%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Tax and <br/>social security </span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Labor</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Civil, environment and real estate</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Contingent liabilities assumed </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1) (2)</span></div></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance at the beginning of the period</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">339,763</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">296,358</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">185,411</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,095,357</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,916,889</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Payments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(874)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(25,406)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(18,334)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(44,614)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Provisions/(Reversals), net</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(6,854)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,444</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">28,744</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(37,008)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(8,674)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Monetary adjustment </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">13,191</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">10,189</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">15,073</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">38,453</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">345,226</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">287,585</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">210,894</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,058,349</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,902,054</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Judicial deposits (3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(32,453)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(50,613)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(63,289)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(146,355)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance at the end of the period</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">312,773</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">236,972</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">147,605</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,058,349</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,755,699</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Amounts arising from tax-related lawsuits with a possible or remote probability of loss in the amount of R$1,931,273 and civil lawsuits in the amount of R$127,076, measured and recorded at the estimated fair value resulting from the business combination with Fibria.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Reversal due to a change in likelihood, cancellation and/or due to settlement.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The amounts presented refer exclusively to judicial deposits for which there is a legally enforceable right of offset.</span></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:38.067%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.951%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.386%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Tax and <br/>social security</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Labor</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Civil, environment and real estate</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Contingent liabilities assumed </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1) (2)</span></div></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance at the beginning of the period</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">407,964</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">353,926</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">215,553</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,127,725</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,105,168</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Payments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(71,692)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(113,840)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(9,176)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(194,708)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Provisions/(Reversals), net</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(36,578)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">28,281 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(41,457)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(32,368)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(82,122)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Monetary adjustment</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">40,069 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">27,991 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">20,491 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">88,551 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">339,763</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">296,358</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">185,411</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,095,357</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,916,889</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Judicial deposits</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(31,579)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(62,334)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(21,238)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(115,151)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance at the end of the period</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">308,184</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">234,024</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">164,173</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,095,357</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,801,738</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Amounts arising from tax-related lawsuits with a possible or remote probability of loss in the amount of R$1,962,549 and civil lawsuits in the amount of R$132,808, measured and recorded at the estimated fair value resulting from the business combination with Fibria.</span></div><div style="margin-bottom:20pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Reversal due to a change in likelihood, cancellation and/or due to settlement.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i77fb0b0584274422acfba921cda9563b"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">24.1.1 Tax and social security</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026, the Company has 50 (56 as of December 31, 2025) administrative and judicial proceedings of a tax or social security nature in which the disputed matters are related to IRPJ, CSLL, PIS, COFINS, ICMS among others, whose amounts are provisioned when the likelihood of loss is deemed probable by the Company’s external legal counsel and by Management. </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">From these, 1 proceedings, amounting to a total of R$1,822 (R$1,749 as of December 31, 2025), relate to matters involving income taxes and, in accordance with IFRIC 23 – Uncertainty over Income Tax Treatments, are recognized under income tax and social contribution payable.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i87c3b1e9ea3d4fe38e32beab471e37bf"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">24.1.2 Labor</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026, the Company has 1,076 (1,152 as of December 31, 2025) labor lawsuits.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In general, the provisioned labor proceedings are related primarily to matters frequently contested by employees of agribusiness companies, such as wages and/or severance payments, in addition to suits filed by outsourced employees of the Company.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="ic244482c3ce94d28b957f99a69ce9064"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">24.1.3 Civil, environment and real estate</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026, the Company has 88 (73 as at December 31, 2025) civil, environmental and real estate proceedings.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The provisioned Civil, environment and real estate proceedings are related primarily to the payment of damages, including those arising from contractual obligations, traffic-related injuries, possessory actions, environmental restoration obligations, claims and others.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i1c0ed0b0bfd84332944392b957701f8f"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">24.2 Contingencies with possible losses</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company is involved in tax, civil and labor lawsuits, whose losses have been assessed as possible by Management, supported by legal counsel, and therefore no provision was recorded:</span></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Taxes and social security </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> - Income taxes </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)(3)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,057,925</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,559,801 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Taxes and social security </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> - Other taxes and contributions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,102,303</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,857,933 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Labor</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">223,682</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">189,506 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Civil and environmental </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,132,471</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,023,689 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,516,381</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,630,929</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The amounts above do not include the fair value adjustments allocated to possible loss risk contingencies representing R$2,039,340 (R$2,076,296 as of December 31, 2025), which were recorded at fair value resulting from business combinations with Fibria, as presented in Note 24.1.1 above.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">In April 2026, the Company received a Notice of Assessment related to the taxation of profits earned by its subsidiary in Austria, with an estimated exposure of R$5,176,100 as of June 30, 2026. In the Company's opinion, supported by the opinions of its external legal advisors, the likelihood of loss is assessed as possible.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The Company is involved in administrative and judicial disputes with the tax authorities related to tax positions adopted in the determination of corporate income tax and social contribution on net income (IRPJ/CSLL). Based on the current assessment, these positions are expected to be upheld in final rulings by higher courts. A summary of these matters under dispute and their potential effects is presented in Note 16.5.</span></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><span><br/></span></div><div><span><br/></span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In the six-month period ended June 30, 2026, there were no significant changes in the main nature of these contingencies compared to those disclosed in the annual financial statements for the year ended December 31, 2025 (Note 24.1), except for the IRPJ and CSLL Tax Assessment Notice received in April 2026, which is described in Item 16.5(i) of these financial statements and was disclosed as a subsequent event in the March 31, 2026 financial statements (Note 29.2 – “IRPJ/CSLL Tax Assessment Notice”).</span></div> <div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:38.067%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.951%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.386%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">06/30/2026</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Tax and <br/>social security </span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Labor</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Civil, environment and real estate</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Contingent liabilities assumed </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1) (2)</span></div></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance at the beginning of the period</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">339,763</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">296,358</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">185,411</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,095,357</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,916,889</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Payments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(874)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(25,406)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(18,334)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(44,614)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Provisions/(Reversals), net</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(6,854)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">6,444</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">28,744</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(37,008)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(8,674)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Monetary adjustment </span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">13,191</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">10,189</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">15,073</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">38,453</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">345,226</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">287,585</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">210,894</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,058,349</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,902,054</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Judicial deposits (3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(32,453)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(50,613)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(63,289)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(146,355)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance at the end of the period</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">312,773</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">236,972</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">147,605</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,058,349</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,755,699</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Amounts arising from tax-related lawsuits with a possible or remote probability of loss in the amount of R$1,931,273 and civil lawsuits in the amount of R$127,076, measured and recorded at the estimated fair value resulting from the business combination with Fibria.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Reversal due to a change in likelihood, cancellation and/or due to settlement.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The amounts presented refer exclusively to judicial deposits for which there is a legally enforceable right of offset.</span></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:38.067%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.951%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.386%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Tax and <br/>social security</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Labor</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Civil, environment and real estate</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Contingent liabilities assumed </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1) (2)</span></div></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance at the beginning of the period</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">407,964</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">353,926</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">215,553</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,127,725</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3,105,168</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Payments</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(71,692)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(113,840)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(9,176)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(194,708)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Provisions/(Reversals), net</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(36,578)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">28,281 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(41,457)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(32,368)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(82,122)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Monetary adjustment</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">40,069 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">27,991 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">20,491 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">88,551 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">339,763</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">296,358</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">185,411</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,095,357</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,916,889</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Judicial deposits</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(31,579)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(62,334)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(21,238)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(115,151)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision balance at the end of the period</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">308,184</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">234,024</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">164,173</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,095,357</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,801,738</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Amounts arising from tax-related lawsuits with a possible or remote probability of loss in the amount of R$1,962,549 and civil lawsuits in the amount of R$132,808, measured and recorded at the estimated fair value resulting from the business combination with Fibria.</span></div><div style="margin-bottom:20pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Reversal due to a change in likelihood, cancellation and/or due to settlement.</span></div> 339763000 296358000 185411000 2095357000 2916889000 874000 25406000 18334000 44614000 6854000 6444000 28744000 37008000 8674000 13191000 10189000 15073000 38453000 345226000 287585000 210894000 2058349000 2902054000 -32453000 -50613000 -63289000 -146355000 312773000 236972000 147605000 2058349000 2755699000 1931273000 127076000 407964000 353926000 215553000 2127725000 3105168000 71692000 113840000 9176000 194708000 36578000 28281000 41457000 32368000 82122000 40069000 27991000 20491000 88551000 339763000 296358000 185411000 2095357000 2916889000 -31579000 -62334000 -21238000 -115151000 308184000 234024000 164173000 2095357000 2801738000 1962549000 132808000 50 56 1822000 1749000 1076 1152 88 73 <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company is involved in tax, civil and labor lawsuits, whose losses have been assessed as possible by Management, supported by legal counsel, and therefore no provision was recorded:</span></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Taxes and social security </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> - Income taxes </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)(3)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">10,057,925</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,559,801 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Taxes and social security </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> - Other taxes and contributions</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,102,303</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,857,933 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Labor</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">223,682</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">189,506 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Civil and environmental </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,132,471</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,023,689 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,516,381</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,630,929</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The amounts above do not include the fair value adjustments allocated to possible loss risk contingencies representing R$2,039,340 (R$2,076,296 as of December 31, 2025), which were recorded at fair value resulting from business combinations with Fibria, as presented in Note 24.1.1 above.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">In April 2026, the Company received a Notice of Assessment related to the taxation of profits earned by its subsidiary in Austria, with an estimated exposure of R$5,176,100 as of June 30, 2026. In the Company's opinion, supported by the opinions of its external legal advisors, the likelihood of loss is assessed as possible.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The Company is involved in administrative and judicial disputes with the tax authorities related to tax positions adopted in the determination of corporate income tax and social contribution on net income (IRPJ/CSLL). Based on the current assessment, these positions are expected to be upheld in final rulings by higher courts. A summary of these matters under dispute and their potential effects is presented in Note 16.5.</span></div> 10057925000 4559801000 6102303000 5857933000 223682000 189506000 1132471000 1023689000 17516381000 11630929000 2039340000 2076296000 5176100000 <div style="margin-bottom:11pt"><span id="ibef56d754aa94377b25259a3bf94a524"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">25 EMPLOYEE BENEFIT PLANS</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company provides supplementary pension plan and defined benefit plan, such as medical assistance and life insurance. The characteristics of such benefits were disclosed in the annual financial statements for the year ended December 31, 2025 (Note 25), which did not change during the six-month period ended June 30, 2026.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i0519c581f1b841a49efb3ec4e431f9ed"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">25.1 Pension plan</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Contributions made by the Company, for Suzano Prev pension plan managed by Brasilprev Seguros e Previdência S.A., for the six-month period ended June 30, 2026 amounted R$11,986 (R$11,813 as of June 30, 2025) recognized under the cost of sales, selling and general and administrative expenses.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i917fe3ac6e7346b881850d8e34466892"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">25.2 Defined benefits plan</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company offers the medical assistance and life insurance</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">in addition to the pension plans, which are measured based on actuarial calculations and recognized in the unaudited condensed consolidated interim financial information.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The roll-forward of actuarial liabilities prepared based on actuarial report is set forth below:</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">741,143</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">721,560 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest on actuarial liabilities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">39,305</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">77,348 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current service cost</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,118</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,939 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Actuarial gain – experience </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(13,340)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Actuarial loss – financial assumptions </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,026 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Benefits paid directly by entity</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(28,182)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(52,390)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">753,384</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">741,143</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Actuarial gains and losses are determined annually based on an independent actuarial valuation, reflecting changes in actuarial assumptions and experience adjustments arising from the measurement of defined benefit obligations.</span></div> 11986000 11813000 <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The roll-forward of actuarial liabilities prepared based on actuarial report is set forth below:</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:67.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Opening balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">741,143</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">721,560 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest on actuarial liabilities</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">39,305</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">77,348 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current service cost</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,118</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,939 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Actuarial gain – experience </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(13,340)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Actuarial loss – financial assumptions </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,026 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Benefits paid directly by entity</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(28,182)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(52,390)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Closing balance</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">753,384</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">741,143</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Actuarial gains and losses are determined annually based on an independent actuarial valuation, reflecting changes in actuarial assumptions and experience adjustments arising from the measurement of defined benefit obligations.</span></div> 741143000 721560000 39305000 77348000 1118000 1939000 -13340000 -6026000 28182000 52390000 753384000 741143000 <div style="margin-bottom:11pt"><span id="i30ef4c8c25a04ca098ee3d550afac74d"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">26 SHARE-BASED COMPENSATION PLAN</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company has long-term share-based remuneration plans: (i) Phantom stock option plan (“PS”), settled in cash; and (ii) Performance Share Plan, settled in shares.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The characteristics and measurement method of each plan were disclosed in the annual financial statements for the year ended December 31, 2025 (Note 22), which did not change during the six-month period ended June 30, 2026.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i18c1d98478bb41698428ebd9bb411da3"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">26.1 Phantom shares plan</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The roll-forward arrangements are set out below:</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:5.643%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.643%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.086%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.643%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.643%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.643%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.656%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="57" style="border-bottom:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:top"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Number of shares</span></td></tr><tr style="height:20pt"><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Year of grant</span></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Fair value on grant date</span></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">31/12/2025</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Shares granted</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Cancelled</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Exercised </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:4.22pt;font-weight:700;line-height:120%;position:relative;top:-2.27pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">30/06/2026</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Available for completion</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="21" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Year of vesting</span></td></tr><tr style="height:20pt"><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2027</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2028</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2029</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2021</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$64.12</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%">7,735 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">168</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(7,903)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2022</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$54.20</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%">480,184 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">10,447</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(221)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(353,216)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">137,194</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">65,308</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">47,391</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">24,495</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2023</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$48.81</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%">2,695,561 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">58,994</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(37,419)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(704,374)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,012,762</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">1,764,426</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">248,336</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2024</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$56.58</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%">2,459,390 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">53,332</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(114,998)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(22,826)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,374,898</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,208,659</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">166,239</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2025</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$59.65</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%">3,410,537 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">148,358</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(143,709)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(26,235)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">3,388,951</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">3,388,951</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2026</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$51.58</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,700,208</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(23,003)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(6,135)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,671,070</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,671,070</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="9" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Number of stock options</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">9,053,407</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,971,507</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(319,350)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(1,120,689)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">10,584,875</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">65,308</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">1,811,817</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,481,490</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">3,555,190</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,671,070</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:20pt"><td colspan="9" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="9" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Book value</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">332,322</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">39,673</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(7,891)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(59,183)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">304,921</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Book value of the previous year</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">361,974</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">209,842</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(17,843)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(221,651)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">332,322</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The average price of the share options exercised and exercised due to termination of employment from April 1 to June 30, 2026 was R$47.79.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i7f3417afa1b5401093d434d8747bbae6"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">26.2 Restricted shares plan</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The position is set forth below: </span></div><div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.295%"><tr><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.423%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="54" style="border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Number of stock options</span></td></tr><tr style="height:20pt"><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Year of grant</span></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Fair value on grant date</span></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">31/12/2025</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Shares granted</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Exercised/Cancelled</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">30/06/2026</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="30" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Year of vesting</span></td></tr><tr style="height:20pt"><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2027</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2028</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2029</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2030</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2031</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2023</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$50.51</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">277,249 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">6,033</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(283,282)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2024</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$56.09</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">2,331,602 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">50,731</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(232,651)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,149,682</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">440,715</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">1,708,967</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2025</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$60.47</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">467,265 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">10,166</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">477,431</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">235,794</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">241,637</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2026</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$51.09</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">465,844</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">465,844</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">273,277</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">192,567</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="9" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Number of stock options</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,076,116</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">532,774</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(515,933)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">3,092,957</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">440,715</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">235,794</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">1,982,244</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">241,637</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">192,567</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:20pt"><td colspan="9" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="9" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Book value</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">80,742</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">23,159</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(27,031)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">76,870</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Book value of the previous year</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">60,226</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">45,642</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">(25,126)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">80,742</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div> <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:5.643%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.643%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.086%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.643%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.643%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.643%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.656%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="57" style="border-bottom:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:top"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Number of shares</span></td></tr><tr style="height:20pt"><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Year of grant</span></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Fair value on grant date</span></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">31/12/2025</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Shares granted</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Cancelled</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Exercised </span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:4.22pt;font-weight:700;line-height:120%;position:relative;top:-2.27pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">30/06/2026</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Available for completion</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="21" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Year of vesting</span></td></tr><tr style="height:20pt"><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2026</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2027</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2028</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2029</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2021</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$64.12</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%">7,735 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">168</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(7,903)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2022</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$54.20</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%">480,184 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">10,447</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(221)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(353,216)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">137,194</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">65,308</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">47,391</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">24,495</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2023</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$48.81</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%">2,695,561 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">58,994</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(37,419)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(704,374)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,012,762</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">1,764,426</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">248,336</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2024</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$56.58</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%">2,459,390 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">53,332</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(114,998)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(22,826)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,374,898</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,208,659</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">166,239</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2025</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$59.65</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%">3,410,537 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">148,358</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(143,709)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(26,235)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">3,388,951</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">3,388,951</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2026</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$51.58</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,700,208</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(23,003)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(6,135)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,671,070</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,671,070</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="9" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Number of stock options</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">9,053,407</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,971,507</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(319,350)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(1,120,689)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">10,584,875</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">65,308</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">1,811,817</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,481,490</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">3,555,190</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,671,070</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:20pt"><td colspan="9" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="9" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Book value</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">332,322</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">39,673</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(7,891)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(59,183)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">304,921</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">Book value of the previous year</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">361,974</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">209,842</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(17,843)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(221,651)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">332,322</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The average price of the share options exercised and exercised due to termination of employment from April 1 to June 30, 2026 was R$47.79.</span></div> 64.12 7735 168 7903 54.20 480184 10447 221 353216 137194 65308 47391 24495 48.81 2695561 58994 37419 704374 2012762 1764426 248336 56.58 2459390 53332 114998 22826 2374898 2208659 166239 59.65 3410537 148358 143709 26235 3388951 3388951 51.58 2700208 23003 6135 2671070 2671070 9053407 2971507 319350 1120689 10584875 65308 1811817 2481490 3555190 2671070 332322000 39673000 -7891000 -59183000 304921000 361974000 209842000 -17843000 -221651000 332322000 47.79 <div style="padding-left:10.8pt;text-align:justify;text-indent:-10.8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.295%"><tr><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.423%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="54" style="border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Number of stock options</span></td></tr><tr style="height:20pt"><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Year of grant</span></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Fair value on grant date</span></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">31/12/2025</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Shares granted</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Exercised/Cancelled</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">30/06/2026</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="30" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Year of vesting</span></td></tr><tr style="height:20pt"><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2027</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2028</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2029</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2030</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">2031</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2023</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$50.51</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">277,249 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">6,033</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(283,282)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2024</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$56.09</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">2,331,602 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">50,731</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(232,651)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2,149,682</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">440,715</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">1,708,967</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2025</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$60.47</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%">467,265 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">10,166</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">477,431</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">235,794</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">241,637</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">2026</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">R$51.09</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">465,844</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">465,844</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">273,277</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">192,567</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="9" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Number of stock options</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">3,076,116</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">532,774</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(515,933)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">3,092,957</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">440,715</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">235,794</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">1,982,244</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">241,637</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">192,567</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:20pt"><td colspan="9" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #494949;padding:0 1pt"></td></tr><tr><td colspan="9" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Book value</span></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">80,742</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">23,159</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">(27,031)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%">76,870</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">Book value of the previous year</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">60,226</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">45,642</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">(25,126)</span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:700;line-height:120%">80,742</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:6pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:3pt double #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div> 50.51 277249 6033 283282 56.09 2331602 50731 232651 2149682 440715 1708967 60.47 467265 10166 477431 235794 241637 51.09 465844 465844 273277 192567 3076116 532774 515933 3092957 440715 235794 1982244 241637 192567 80742000 23159000 -27031000 76870000 60226000 45642000 -25126000 80742000 <div style="margin-bottom:11pt"><span id="id5ba43e2f0d549b68af15c670bedd081"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">27 SHAREHOLDERS’ EQUITY</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i1fe9b28a503a4fd2936342ebd1791fc1"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">27.1 Share capital</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026, Suzano recorded a capital increase of R$14,574, bringing its share capital to R$24,283,855 divided into 1,264,117,615 common shares, all nominative, book-entry shares without par value. Expenses related to the public offering were R$33,735, totaling a net share capital of R$24,250,120. The breakdown of the share capital is as set out below:</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:46.676%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.512%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.518%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Quantity</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(%)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Quantity</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(%)</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Controlling Shareholders</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Suzano Holding S.A.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">367,612,329</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">29.08</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">367,612,329</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">29.08 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Controller</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">196,144,533</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">15.52</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">196,065,636</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">15.51 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Related persons</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">26,568,442</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2.10</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">32,157,608</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2.54 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Alden Fundo de Investimento em Ações</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">27,154,744</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2.15</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">27,154,744</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2.15 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">617,480,048</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">48.85</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">622,990,317</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">49.28</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Treasury (Note 27.2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">30,980,893</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2.45</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">28,208,827</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2.23 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other shareholders</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">615,656,674</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">48.70</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">612,918,471</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">48.49 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,264,117,615</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">100.00</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,264,117,615</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">100.00</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026, SUZB3 common shares ended the period quoted at R$39.75 and R$51.45 on December 31, 2025.</span></div><div><span><br/></span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="ia3a53edf50fa4d6a872af5cbd104592f"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">27.2 Treasury shares</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On June 30, 2026, the Company had 30,980,893 (28,208,827 as of December 31, 2025) of its own common shares held in treasury, with an average cost of R$52.47 per share, with a historical value of R$1,625,577 (R$1,511,146 as at December 31, 2025) and the market corresponding to R$1,231,490 (R$1,451,344 as at December 31, 2025). </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">For the six-month period ended June 30, 2026, the Company granted 356,734 common shares at an average cost of R$53.57 per share, with a historical value of R$19,110, to comply with the restricted shares plan (Note 26.2).</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:35.198%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.257%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Quantity </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average cost <br/>per share </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Historical <br/>value </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Market <br/>value</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balances at December 31, 2024</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">24,875,787</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">53.84</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,339,197</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,536,826</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exercised</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(372,160)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">53.66 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(19,969)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(20,251)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Repurchase</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,705,200 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">51.80 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">191,918 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">191,918 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balances at December 31, 2025</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">28,208,827</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">53.57</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,511,146</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,451,344</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exercised</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(356,734)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">53.57</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(19,110)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(18,383)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Repurchase</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,128,800</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">42.68</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">133,541</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">133,541</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balances at June 30, 2026</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">30,980,893</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">52.47</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,625,577</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,231,490</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 14574000 24283855000 1264117615 33735000 24250120000 <div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:46.676%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.512%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.518%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12/31/2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Quantity</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(%)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Quantity</span></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(%)</span></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Controlling Shareholders</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Suzano Holding S.A.</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">367,612,329</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">29.08</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">367,612,329</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">29.08 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Controller</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">196,144,533</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">15.52</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">196,065,636</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">15.51 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Related persons</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">26,568,442</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2.10</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">32,157,608</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2.54 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Alden Fundo de Investimento em Ações</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">27,154,744</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2.15</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">27,154,744</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2.15 </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">617,480,048</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">48.85</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">622,990,317</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">49.28</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Treasury (Note 27.2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">30,980,893</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2.45</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">28,208,827</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2.23 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Other shareholders</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">615,656,674</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">48.70</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">612,918,471</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">48.49 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,264,117,615</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">100.00</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,264,117,615</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">100.00</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 367612329 0.2908 367612329 0.2908 196144533 0.1552 196065636 0.1551 26568442 0.0210 32157608 0.0254 27154744 0.0215 27154744 0.0215 617480048 0.4885 622990317 0.4928 30980893 0.0245 28208827 0.0223 615656674 0.4870 612918471 0.4849 1264117615 1.0000 1264117615 1.0000 39.75 51.45 30980893 28208827 52.47 1625577000 1511146000 1231490000 1451344000 -356734 53.57 -19110000 <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:35.198%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.251%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.257%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Quantity </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Average cost <br/>per share </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Historical <br/>value </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Market <br/>value</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balances at December 31, 2024</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">24,875,787</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">53.84</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,339,197</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,536,826</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exercised</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(372,160)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">53.66 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(19,969)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(20,251)</span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Repurchase</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"><div style="padding-right:0.85pt"><span><br/></span></div></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,705,200 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">51.80 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">191,918 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">191,918 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balances at December 31, 2025</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">28,208,827</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">53.57</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,511,146</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,451,344</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Exercised</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(356,734)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">53.57</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(19,110)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(18,383)</span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Repurchase</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">3,128,800</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">42.68</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">133,541</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">133,541</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Balances at June 30, 2026</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">30,980,893</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">52.47</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,625,577</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,231,490</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 24875787 53.84 1339197000 1536826000 -372160 53.66 -19969000 -20251000 3705200 51.80 191918000 191918000 28208827 53.57 1511146000 1451344000 -356734 53.57 -19110000 -18383000 3128800 42.68 133541000 133541000 30980893 52.47 1625577000 1231490000 <div style="margin-bottom:11pt"><span id="i1fe39f4400a64ba083c99ef3470a4b29"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">28 EARNINGS PER SHARE</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i29ac4228c2ff4eb8afa5612f3118f2f3"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">28.1 Basic</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The basic earnings per share is measured by dividing the profit attributable to the Company’s shareholders by the weighted average number of common shares issued during the period, excluding the common shares acquired by the Company and held as treasury shares.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:74.796%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.381%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net income for the period attributed to Controlling shareholders'</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,105,965</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,345,455 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Weighted average number of shares in the period – in thousands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,264,118</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,264,118 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Weighted average treasury shares – in thousands</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(28,704)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(26,611)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Weighted average number of outstanding shares – in thousands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,235,414</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,237,507 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Basic earnings per common share – R$</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.94244</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9.16799</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i6c836d3da334421faf17cbaae822c883"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">28.2 Diluted</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The diluted earnings per share is measured by adjusting the weighted average of outstanding common shares, assuming the conversion of all common shares with dilutive effects. </span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:74.796%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.381%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net income for the period attributed to Controlling shareholders'</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,105,965</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,345,455 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Weighted average number of outstanding shares – in thousands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,235,414</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,237,507 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Average number of potential shares (stock options) - in thousands</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,947</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,076 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Weighted average number of shares (diluted) – in thousands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,238,361</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,240,583 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Diluted earnings per common share – R$</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.93068</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9.14526</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The basic earnings per share is measured by dividing the profit attributable to the Company’s shareholders by the weighted average number of common shares issued during the period, excluding the common shares acquired by the Company and held as treasury shares.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:74.796%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.381%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net income for the period attributed to Controlling shareholders'</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,105,965</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,345,455 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Weighted average number of shares in the period – in thousands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,264,118</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,264,118 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Weighted average treasury shares – in thousands</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(28,704)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(26,611)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Weighted average number of outstanding shares – in thousands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,235,414</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,237,507 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Basic earnings per common share – R$</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.94244</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9.16799</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 6105965000 11345455000 1264118000 1264118000 -28704000 -26611000 1235414000 1237507000 4.94244 9.16799 <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The diluted earnings per share is measured by adjusting the weighted average of outstanding common shares, assuming the conversion of all common shares with dilutive effects. </span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:74.796%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.381%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">06/30/2025</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Net income for the period attributed to Controlling shareholders'</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,105,965</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,345,455 </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Weighted average number of outstanding shares – in thousands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,235,414</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,237,507 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Average number of potential shares (stock options) - in thousands</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,947</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,076 </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 26.2pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Weighted average number of shares (diluted) – in thousands</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,238,361</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,240,583 </span></div></td><td style="background-color:#ffffff;border-top:1pt solid #242424;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Diluted earnings per common share – R$</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">4.93068</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9.14526</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr></table></div> 6105965000 11345455000 1235414000 1237507000 2947000 3076000 1238361000 1240583000 4.93068 9.14526 <div style="margin-bottom:11pt"><span id="ic3d3c1b74b3b477fb61120a4c49b7101"></span><span style="color:#00c85a;font-family:'Suzano Text',sans-serif;font-size:12pt;font-weight:700;line-height:120%">29 EVENTS AFTER THE REPORTING PERIOD</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt"><span id="i5f70bdda1a564e3aad7538fe485ea11d"></span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:700;line-height:120%">29.1 Acquisition of an interest in a global tissue business</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">As described in Note 1.2.1 – Acquisition of an interest in a global tissue business, on July 1, 2026 (Closing), the Company completed the acquisition of 51% of the share capital of Arbex, obtaining exclusive control of that entity on that date, as well as a call option over the remaining 49% interest held by K‑C, the exercise of which is at Suzano’s sole discretion. The transaction is aligned with the Company’s strategy to expand its presence in the consumer goods segment and strengthen its position in the global tissue market through the addition of complementary operations, brands, manufacturing capabilities, and distribution channels.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">As of June 5, the cash consideration initially agreed for the transaction was US$1,734 million. As a result of the funding raised in connection with the transaction, the amount of cash to be paid by the Company was reduced to US$1,293 million (equivalent to R$6,693 million). The final purchase price remains subject to customary post-closing adjustments as provided for in the transaction agreements.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Acquisition-related costs associated with the business combination totaled R$141,637 (R$59,211 in 2026 and R$82,426 in 2025) and were recognized as an expense in profit or loss in the respective periods within general and administrative expenses.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Arbex will be consolidated prospectively from July 1, 2026, and therefore the transaction did not affect the Company’s statement of financial position as of June 30, 2026 or its results for the six-month period then ended. If the acquisition had occurred at the beginning of fiscal year 2026, consolidated net revenue for the six-month period ended June 30, 2026 would have increased by R$8,468 and consolidated net income would have increased by R$228. </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The preliminary purchase price allocation (“PPA”) as of July 1, 2026 is presented below.</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:79.531%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:17.696%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(amounts expressed in millions of Brazilian reais)</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Carrying amount of net assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,006</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fair value adjustments</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Inventories </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">285</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Property, plant and equipment </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,378</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trademarks and patents </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">642</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deferred taxes, net </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,646)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(5)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,858</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair value of net identifiable assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,523</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Acquired interest (51%)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,875</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Non-controlling interest (49%)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,648</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Consideration transferred</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,693</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Acquisition cost of the call option</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(818)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total consideration transferred in the business combination</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,875</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Calculated considering the balance of finished goods based on selling price, net of selling expenses.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Measured based on the analysis of market data from comparable transactions and on cost quantification, derived from the estimated replacement or reproduction cost of the assets.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Other assets include trademark licensing, measured based on projected revenues from products under the valued brands, in accordance with the Relief from Royalty methodology.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Represents the net deferred income tax and social contribution effect recognized on the temporary differences arising from the fair value adjustments to inventories, property, plant and equipment, and trademarks and patents identified in the acquisition.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(5)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The goodwill is attributable to</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">expected efficiency gains from the business combination, Arbex's future profitability potential, and other economic benefits that do not individually meet the criteria for separate recognition as identifiable intangible assets.</span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The amounts assigned are preliminary and may be adjusted during the measurement period prescribed by the applicable standard, as the Company completes additional valuation procedures and obtains new information about facts and circumstances that existed as of the acquisition date.</span></div> 0.51 0.49 1734000000 1293000000 6693000000 141637000 59211000 82426000 8468000 228000 <div style="margin-bottom:10pt;text-align:justify"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The preliminary purchase price allocation (“PPA”) as of July 1, 2026 is presented below.</span></div><div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.868%"><tr><td style="width:1.0%"></td><td style="width:79.531%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.373%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:17.696%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(amounts expressed in millions of Brazilian reais)</span></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Carrying amount of net assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,006</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Fair value adjustments</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Inventories </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">285</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Property, plant and equipment </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,378</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Trademarks and patents </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">642</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:25.2pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deferred taxes, net </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,646)</span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Goodwill </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(5)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,858</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #494949;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair value of net identifiable assets</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,523</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Acquired interest (51%)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,875</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:12pt;padding-left:10.8pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Non-controlling interest (49%)</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,648</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Consideration transferred</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">6,693</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Acquisition cost of the call option</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(818)</span></div></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:1.5pt 1pt 1.5pt 11.8pt;text-align:left;text-indent:-10.8pt;vertical-align:bottom"><div style="margin-bottom:12pt;text-indent:-10.8pt"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total consideration transferred in the business combination</span></div></td><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,875</span><span style="color:#1932c8;font-family:'Suzano Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div></td><td style="background-color:#ebebeb;border-bottom:3pt double #494949;border-top:1pt solid #494949;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:12pt;text-align:right"></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Calculated considering the balance of finished goods based on selling price, net of selling expenses.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Measured based on the analysis of market data from comparable transactions and on cost quantification, derived from the estimated replacement or reproduction cost of the assets.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Other assets include trademark licensing, measured based on projected revenues from products under the valued brands, in accordance with the Relief from Royalty methodology.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(4)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">Represents the net deferred income tax and social contribution effect recognized on the temporary differences arising from the fair value adjustments to inventories, property, plant and equipment, and trademarks and patents identified in the acquisition.</span></div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(5)</span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.52pt">The goodwill is attributable to</span><span style="color:#cc0099;font-family:'Suzano Display',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span><span style="color:#494949;font-family:'Suzano Text',sans-serif;font-size:7pt;font-weight:400;line-height:120%">expected efficiency gains from the business combination, Arbex's future profitability potential, and other economic benefits that do not individually meet the criteria for separate recognition as identifiable intangible assets.</span></div> 5006000000 285000000 5378000000 642000000 -1646000000 1858000000 11523000000 0.51 5875000000 0.49 5648000000 6693000000 -818000000 5875000000