Suzano Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	12,176	15,180	9,019	8,346	9,506	13,591
Short-Term Investments	10,174	9,933	12,972	12,824	7,547	7,508
Cash & Short-Term Investments	22,350	25,113	21,990	21,170	17,053	21,099
Cash Growth	36.02%	14.20%	3.88%	24.14%	-19.18%	133.21%
Accounts Receivable	5,767	6,561	9,133	6,848	9,607	6,531
Other Receivables	1,673	1,546	1,110	888.54	556.91	367.33
Receivables	7,440	8,107	10,242	7,737	10,164	6,899
Inventory	8,641	8,156	7,962	5,947	5,728	4,637
Other Current Assets	3,800	2,492	1,988	3,715	4,178	1,468
Total Current Assets	42,232	43,867	42,183	38,569	37,123	34,103
Property, Plant & Equipment	95,781	95,725	92,450	82,764	70,398	55,212
Long-Term Investments	1,105	1,165	1,591	379.13	379.12	292.32
Goodwill	8,217	8,217	8,413	8,416	8,250	8,248
Other Intangible Assets	4,535	4,783	5,715	6,562	7,177	8,018
Long-Term Deferred Tax Assets	112.24	1,504	7,984	545.21	3,986	8,730
Other Long-Term Assets	13,844	12,674	7,600	6,357	5,885	4,371
Total Assets	165,825	167,936	165,936	143,593	133,198	118,975
Accounts Payable	4,981	5,141	6,033	5,572	6,207	3,289
Accrued Expenses	972.54	1,373	1,478	766.91	674.53	590.53
Short-Term Debt	-	-	-	7.9	5.98	0.78
Current Portion of Long-Term Debt	3,434	3,005	10,501	4,750	3,329	3,655
Current Portion of Leases	900.38	857.81	872.23	753.4	672.17	623.28
Current Income Taxes Payable	29.38	218.24	118.36	443.45	449.12	339.55
Current Unearned Revenue	124.08	132.41	145.2	172.44	131.36	103.66
Other Current Liabilities	1,573	3,045	5,329	2,328	3,024	2,950
Total Current Liabilities	12,015	13,773	24,478	14,795	14,493	11,551
Long-Term Debt	87,301	91,796	90,934	72,414	71,240	75,973
Long-Term Leases	5,864	6,072	6,101	5,490	5,510	5,270
Pension & Post-Retirement Benefits	748.01	741.14	721.56	833.68	691.42	675.16
Long-Term Deferred Tax Liabilities	774.87	-	12.6	11.38	1.12	-
Other Long-Term Liabilities	10,940	11,601	11,274	5,238	8,097	10,331
Total Liabilities	117,642	123,983	133,521	98,783	100,032	103,800
Common Stock	24,269	24,236	19,236	9,269	9,269	9,269
Retained Earnings	24,448	20,118	12,979	35,376	24,208	3,928
Treasury Stock	-1,501	-1,511	-1,339	-1,484	-2,120	-218.27
Comprehensive Income & Other	819.42	969.41	1,409	1,531	1,704	2,097
Total Common Equity	48,036	43,812	32,284	44,693	33,061	15,075
Minority Interest	146.72	140.13	131.31	117.53	105.33	99.66
Shareholders' Equity	48,183	43,952	32,416	44,810	33,166	15,175
Total Liabilities & Equity	165,825	167,936	165,936	143,593	133,198	118,975
Total Debt	97,500	101,731	108,408	83,416	80,757	85,522
Net Cash (Debt)	-75,150	-76,619	-86,418	-62,247	-63,705	-64,423
Net Cash Per Share	-60.66	-61.80	-68.33	-47.97	-47.88	-47.74
Filing Date Shares Outstanding	1,236	1,236	1,239	1,289	1,309	1,349
Total Common Shares Outstanding	1,236	1,236	1,239	1,289	1,309	1,349
Working Capital	30,217	30,094	17,705	23,774	22,630	22,552
Book Value Per Share	38.86	35.45	26.05	34.66	25.25	11.17
Tangible Book Value	35,285	30,812	18,156	29,715	17,635	-1,191
Tangible Book Value Per Share	28.55	24.93	14.65	23.05	13.47	-0.88
Land	16,689	16,720	16,775	14,859	14,486	9,791
Buildings	14,678	14,589	13,817	10,032	9,645	9,416
Machinery	67,342	66,353	62,822	48,457	45,160	43,950
Construction In Progress	2,253	2,765	3,511	17,485	10,373	1,604

Source: S&P Global Market Intelligence. Standard template. Financial Sources.