v3.26.1
Consolidated balance sheet - BRL (R$)
R$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents R$ 12,176,019 R$ 15,179,753
Marketable securities 10,173,578 9,932,774
Trade accounts receivable 5,766,623 6,560,607
Inventories 8,641,417 8,155,847
Recoverable taxes 946,762 887,085
Current Tax Assets Income Tax Related 726,731 659,202
Derivative financial instruments 2,907,968 1,556,978
Advances to suppliers 73,267 76,818
Other assets 819,181 858,005
Total current assets 42,231,546 43,867,069
Non-current assets    
Marketable securities 330,137 319,680
Recoverable taxes 944,680 945,699
Deferred taxes 112,237 1,504,014
Derivative financial instruments 8,987,791 8,014,683
Advances to suppliers 2,964,157 2,788,262
Judicial deposits 423,228 418,301
Other assets 194,214 187,102
Biological assets 26,525,587 26,097,164
Investments accounted for using equity method 1,134,258 1,194,877
Property, plant and equipment 63,975,882 64,296,187
Right of use 5,279,506 5,331,789
Intangible 12,721,787 12,970,692
Total non-current assets 123,593,464 124,068,450
TOTAL ASSETS 165,825,010 167,935,519
Current liabilities    
Trade accounts payable 4,981,256 5,141,386
Loans, financing and debentures 3,434,387 3,004,905
Lease liabilities 900,375 857,810
Derivative financial instruments 1,107,667 1,205,029
Taxes payable 252,134 240,010
Income taxes payable 29,383 218,238
Payroll and charges 720,403 1,132,713
Dividends payable 12,855 1,393,121
Advances from customers 124,080 132,408
Other liabilities 452,506 447,251
Total current liabilities 12,015,046 13,772,871
Non-current liabilities    
Loans, financing and debentures 87,301,230 91,796,352
Lease liabilities 5,863,527 6,072,080
Derivative financial instruments 7,474,090 8,136,320
Provision for judicial liabilities 2,775,326 2,801,738
Employee benefit plans 748,010 741,143
Deferred taxes 774,873
Non-current provisions for employee benefits 360,657 332,322
Other liabilities 329,520 330,520
Total non-current liabilities 105,627,233 110,210,475
TOTAL LIABILITIES 117,642,279 123,983,346
Equity    
Share capital 24,235,546 24,235,546
Capital reserves 78,728 80,742
Treasury shares (1,501,072) (1,511,146)
Profit reserves 20,118,234 20,118,234
Accumulated other comprehensive income 774,430 888,669
Retained earnings 4,330,150
Controlling shareholders' 48,036,016 43,812,045
Non-controlling interest 146,715 140,128
Total equity 48,182,731 43,952,173
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY R$ 165,825,010 R$ 167,935,519