v3.26.1
Segment information (Tables)
3 Months Ended
Mar. 31, 2026
Notes and other explanatory information [abstract]  
Disclosure of operating segments [text block]
03/31/2026
PulpPaperTotal
Net sales
8,345,742 
2,622,674 
10,968,416 
Domestic market (Brazil)
405,693 
1,666,054 
2,071,747 
Foreign market
7,940,049 
956,620 
8,896,669 
Cost of sales
(5,938,620)
(1,868,956)
(7,807,576)
Adjusted EBITDA
4,056,317 
523,828 
4,580,145 
Adjustments to EBITDA (*)
1,643 
Depreciation, depletion and amortization
(2,806,652)
Financial result
4,616,436 
Net income before taxes
6,391,572 
03/31/2025
PulpPaperTotal
Net sales
8,611,543 
2,941,378 
11,552,921 
Domestic market (Brazil)
457,416 
1,691,196 
2,148,612 
Foreign market
8,154,127 
1,250,182 
9,404,309 
Cost of sales
(5,696,157)
(2,033,010)
(7,729,167)
Adjusted EBITDA
4,254,146 
611,628 
4,865,774 
Adjustments to EBITDA (*)
(109,317)
Depreciation, depletion and amortization
(2,497,422)
Financial result
7,696,213 
Net income before taxes
9,955,248 

03/31/202603/31/2025
(*) Adjustments to EBITDA
Loss from associates and joint ventures
(20,372)
(17,077)
Income (loss) on disposal and write-off of non-current assets
32,052 
(46,306)
Provision/(reversals) for losses on ICMS credits (note 13.1)
13,211 
(45,765)
Expenses on Asset Acquisition and Business Combinations
(15,062)
Restructuring expenses
(7,534)
(23)
Others (1)
(652)
(146)
1,643 
(109,317)

(1) It includes items with specific, non-cash and exceptional adjustments, such as: i) effective loss of the development contract advance program; and (ii) write-off of stacked wood inventory.
Disclosure of products and services [text block]
03/31/202603/31/2025
Products
Market pulp (1)
8,345,742 
8,611,543 
Printing and writing paper (2)
1,770,639 
1,879,301 
Paperboard
843,550 
1,051,768 
Other
8,485 
10,309 
10,968,416 
11,552,921 
(1)Net sales of fluff pulp represent 0.5% of total net sales, and therefore were included in market pulp net sales. (0.7% as at March 31, 2025).
(2)Net sales of tissue represent 6.1% of total net sales, and therefore were included in printing and writing paper net sales. (5.8% as at March 31, 2025).
Disclosure of Allocation of Goodwill Based on Expected Future Profitability to Segments The allocation of goodwill is set out below:
03/31/202612/31/2025
Pulp
7,897,051 
7,897,051 
Paper
290,191 
290,191 
8,187,242 
8,187,242