INTANGIBLE (Tables)

12 Months Ended

Dec. 31, 2025

Disclosure of detailed information about intangible assets [abstract]

Schedule of goodwill and intangible assets with indefinite useful life


						12/31/2025						12/31/2024
Goodwill - Facepa (Tissue plant in Belém/PA)						119,332						119,332
Goodwill - Fibria						7,897,051						7,897,051
Goodwill - MMC Brasil (Tissue plant in Mogi das Cruzes/SP)						170,859						170,859
Other (1)						5,097						5,097
						8,192,339						8,192,339

(1)Refers to other intangible assets with indefinite useful lives such as servitude of passage and electricity.

Summary of assumptions used in valuation of cash-generating units

The assumptions in the table set forth below were also adopted:


Net average pulp price – Foreign market (US$/t)						634.3
Net average pulp price – Internal market (US$/t)						681.4
Average exchange rate (R$/US$)						5.46
Discount rate (pos-tax)						8.87% p.a.
Discount rate (pre-tax)						12.30% p.a.

Schedule of intangible assets with determined useful life


												12/31/2025						12/31/2024
Opening balance												5,709,964						6,557,009
Additions												82,492						161,779

Write-offs												(3,015)
Amortization												(1,011,088)						(1,008,824)

Closing balance												4,778,353						5,709,964
Represented by						Average annual rate %
Non-competition agreements																		4,508
Port concessions						3.94						621,842						632,253

Supplier agreements						12.70						11,111						25,925
Port service contracts						4.26						491,094						520,459
Cultivars																		20,391
Trademarks and patents						8.14						154,846						170,306
Customer portfolio						9.10						3,283,919						4,104,900

Software						25.45						206,635						201,476
Other						10.00						8,906						29,746
												4,778,353						5,709,964

Cost												12,617,166						12,540,497
Amortization												(7,838,813)						(6,830,533)
Closing balance												4,778,353						5,709,964