v3.25.4
Consolidated balance sheet - BRL (R$)
R$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents R$ 15,179,753 R$ 9,018,818
Marketable securities 9,932,774 12,971,547
Trade accounts receivable 6,560,607 9,132,860
Inventories 8,155,847 7,962,324
Recoverable taxes 887,085 929,001
Current Tax Assets Income Tax Related 659,202 180,618
Derivative financial instruments 1,556,978 1,006,427
Advances to suppliers 76,818 92,133
Other assets 858,005 889,232
Total current assets 43,867,069 42,182,960
Non-current assets    
Marketable securities 319,680 391,964
Recoverable taxes 945,699 1,179,125
Deferred taxes 1,504,014 7,984,015
Derivative financial instruments 8,014,683 2,880,673
Advances to suppliers 2,788,262 2,503,537
Judicial deposits 418,301 487,993
Other assets 187,102 156,880
Biological assets 26,097,164 22,283,001
Investments accounted for using equity method 1,194,877 1,816,923
Property, plant and equipment 64,296,187 64,986,040
Right of use 5,331,789 5,180,691
Intangible 12,970,692 13,902,303
Total non-current assets 124,068,450 123,753,145
TOTAL ASSETS 167,935,519 165,936,105
Current liabilities    
Trade accounts payable 5,141,386 6,033,285
Loans, financing and debentures 3,004,905 10,501,387
Lease liabilities 857,810 872,228
Derivative financial instruments 1,205,029 2,760,273
Taxes payable 240,010 245,353
Income taxes payable 218,238 118,362
Payroll and charges 1,132,713 1,232,971
Liabilities for assets acquisitions and subsidiaries 17,719 21,166
Dividends payable, non-cash assets distributions 1,393,121 2,200,917
Advances from customers 132,408 145,200
Other liabilities 429,532 346,796
Total current liabilities 13,772,871 24,477,938
Non-current liabilities    
Loans, financing and debentures 91,796,352 90,934,144
Lease liabilities 6,072,080 6,100,687
Derivative financial instruments 8,136,320 7,694,547
Liabilities for assets acquisitions and subsidiaries 77,121 99,324
Provision for judicial liabilities 2,801,738 2,926,750
Employee benefit plans 741,143 721,560
Deferred taxes 12,596
Non-current provisions for employee benefits 332,322 361,974
Advances from customers 74,715 74,715
Other liabilities 178,684 116,295
Total non-current liabilities 110,210,475 109,042,592
TOTAL LIABILITIES 123,983,346 133,520,530
Equity    
Share capital 24,235,546 19,235,546
Capital reserves 80,742 60,226
Treasury shares (1,511,146) (1,339,197)
Profit reserves 20,118,234 12,978,898
Accumulated other comprehensive income 888,669 1,348,796
Retained earnings
Controlling shareholders' 43,812,045 32,284,269
Non-controlling interest 140,128 131,306
Total equity 43,952,173 32,415,575
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY R$ 167,935,519 R$ 165,936,105