v3.26.1
General information about financial statements
 3 Months Ended
Mar. 31, 2026
Company´s Operations [Abstract]  
Disclosure of Company Operations
1 COMPANY’S OPERATIONS
Suzano S.A. (“Suzano”) and its subsidiaries (collectively the “Company”) is a public company with its headquarters in Brazil, at Professor Magalhães Neto Avenue, No. 1,752 - 10th floor, rooms 1010 and 1011, Pituba District, in the city of Salvador, State of Bahia, and its main business office in the city of São Paulo.
Suzano’s shares are traded on B3 S.A. (“Brasil, Bolsa, Balcão - “B3”), listed in the New Market under the ticker SUZB3, and its American Depositary Receipts (“ADRs”) in a ratio of 1 (one) per common share, Level II, are traded in the New York Stock Exchange (“NYSE”) under the ticker SUZ.
The Company has 15 industrial units, 13 located in Brazil in the cities of Cachoeiro de Itapemirim and Aracruz (Espírito Santo State), Belém (Pará State), Eunápolis and Mucuri (Bahia State), Maracanaú (Ceará State), Imperatriz (Maranhão State), Jacareí, Limeira, Mogi das Cruzes and Suzano (São Paulo State) and Três Lagoas and Ribas do Rio Pardo (Mato Grosso do Sul State) and 2 units in United States located in the cities of Pine Bluff (Arkansas) and Waynesville (North Carolina).
These units produce hardwood pulp from eucalyptus, coated paper, paperboard, uncoated paper and cut size paper and packages of sanitary paper (consumer goods - tissue) to serve the domestic and foreign markets.
The Company also has six technology centers, four located in Brazil, one in China and one in Israel focused on product development and industrial process improvement.
In addition, it has a global logistics structure that supports its commercial and export operations. In Brazil, the Company has 29 distribution centers and four ports, strategically located for the distribution of its products. Abroad, the structure consists of approximately 70 terminals, distributed across Asia, Europe, the United States, Ecuador and Argentina.
Pulp and paper are sold in foreign markets by Suzano, as well as through its wholly-owned subsidiaries and/or its sales offices in Argentina, Austria, China, Ecuador, United States of America and Singapore.
The Company's operations also include the commercial management of eucalyptus forest for its own use, operation of port terminals, and holding of interests, as a partner or shareholder, in other companies or enterprises, and commercialization of electricity generated from its pulp production process.
The Company is controlled by Suzano Holding S.A., through a voting agreement whereby it holds 48.85% of the common shares of its share capital (49.28% as of December 31, 2025).
These unaudited condensed consolidated interim financial information was authorized by the the Board of Directors on April 29, 2026.
1.1 Equity interests
The Company holds equity interests in the following entities:

% equity interest
Entity/Type of investment Main activityCountry03/31/202612/31/2025
Consolidated
F&E Tecnologia do Brasil S.A. (Direct)
Biofuel production, except alcohol
Brazil
100.00
%
100.00
%
Fibria Celulose (USA) Inc. (Direct)
Business office
United States of America
100.00
%
100.00
%
Fibria Terminal de Celulose de Santos SPE S.A. (Direct)
Port operations
Brazil
100.00
%
100.00
%
FuturaGene Ltda. (Direct)
Biotechnology research and development
England
100.00
%
100.00
%
FuturaGene Delaware Inc. (Indirect)
Biotechnology research and development
United States of America
100.00
%
100.00
%
FuturaGene Israel Ltda. (Indirect)
Biotechnology research and development
Israel
100.00
%
100.00
%
FuturaGene Inc. (Indirect)
Biotechnology research and development
United States of America
100.00
%
100.00
%
Maxcel Empreendimentos e Participações S.A. (Direct)
Holding
Brazil
100.00
%
100.00
%
Itacel - Terminal de Celulose de Itaqui S.A. (Indirect)
Port operations
Brazil
100.00
%
100.00
%
Mucuri Energética S.A. (Direct)
Power generation and distribution
Brazil
100.00
%
100.00
%
Paineiras Logística e Transportes Ltda. (Direct)
Road freight transport
Brazil
100.00
%
100.00
%
Portocel - Terminal Espec. Barra do Riacho S.A. (Direct)
Port operations
Brazil
51.00
%
51.00
%
Projetos Especiais e Investimentos Ltda. (Direct)
Commercialization of equipment and parts
Brazil
100.00
%
100.00
%
SFBC Participações Ltda. (Direct)
Packaging production
Brazil
100.00
%
100.00
%
Suzano Argentina S.A.U (Direct)
Commercialization of paper and computer materials
Argentina
100.00
%
100.00
%
Suzano Austria GmbH. (Direct)
Business office
Austria
100.00
%
100.00
%
Suzano Canada Inc. (Direct)
Lignin research and development
Canada
100.00
%
100.00
%
Suzano Ecuador S.A.S. (Direct)
Business office
Ecuador
100.00
%
100.00
%
Suzano International Finance B.V (Direct)
Financial fundraising
Netherlands
100.00
%
100.00
%
Suzano International Holding B.V. (Direct)
Holding
Netherlands
100.00
%
100.00
%
Suzano International Trade GmbH. (Direct)
Business office
Austria
100.00
%
100.00
%
Suzano Packaging LLC (Indirect)
Production of coated and uncoated paperboard, used in the production of Liquid Packaging Board and Cupstock
United States of America
100.00
%
100.00
%
Suzano Material Technology Development Ltd. (Direct)
Biotechnology research and development
China
100.00
%
100.00
%
Suzano Netherlands B.V. (Direct)
Financial fundraising
Netherlands
100.00
%
100.00
%
Suzano Operações Industriais e Florestais S.A. (Direct)
Industrialization, commercialization and exporting of pulp
Brazil
100.00
%
100.00
%
Suzano Pulp and Paper America Inc. (Direct)
Business office
United States of America
100.00
%
100.00
%
Suzano Pulp and Paper Europe S.A. (Direct)
Business office
Switzerland
100.00
%
100.00
%
Suzano Shanghai Ltda. (Direct)
Business office
China
100.00
%
100.00
%
Suzano Shanghai Trading Ltda. (Direct)
Business office
China
100.00
%
100.00
%
Suzano Singapura Pte. Ltda. (Direct)
Business office
Singapore
100.00
%
100.00
%
Suzano Trading International KFT(Direct)
Business office
Hungary
100.00
%
100.00
%
Suzano Ventures LLC (Direct)
Corporate venture capital
United States of America
100.00
%
100.00
%
Joint operation
Veracel Celulose S.A. (Direct)
Industrialization, commercialization and exporting of pulp
Brazil
50.00
%
50.00
%
% equity interest
Entity/Type of investment Main activityCountry03/31/202612/31/2025
Equity
Allotrope Energy Ltd (Indirect) (2)
Research and development of battery technology based on carbon derived from lignin biomass
England
19.72
%
20.00
%
Biomas Serviços Ambientais, Restauração e Carbono S.A. (Direct)
Restoration, conservation and preservation of forests
Brazil
16.66
%
16.66
%
Muçununga Serviços Ambientais, Restauração e Carbono Ltda. (Indirect) (1)
Restoration, conservation and preservation of forests
Brazil
8.33
%
8.33
%
Ibema Companhia Brasileira de Papel (Direct)
Industrialization and commercialization of paperboard
Brazil
49.90
%
49.90
%
Simplifyber, Inc. (Indirect)
Production of consumer goods through the transformation of cellulose-based liquids
United States of America
15.52
%
14.20
%
Spinnova Plc. (Direct) (“Spinnova”)
Research of sustainable raw materials for the textile industry
Finland
18.76
%
18.76
%
Woodspin Oy (Direct/Indirect) (“Woodspin”) (3)
Development and production of cellulose-based fibers, yarns and textile filaments
Finland
18.76
%
18.76
%
Spinnova Refining Oy (Indirect) (3)
Industrialization and commercialization of cellulose, microfiber cellulose and paper
Finland
18.76
%
18.76
%
Fair value through other comprehensive income
Bem Agro Integração e Desenvolvimento S.A. (Indirect)
Software solutions based on artificial intelligence and computer vision for agribusiness
Brazil
4.58
%
5.82
%
Celluforce Inc. (Direct)
Nanocrystalline pulp research and development
Canada
8.28
%
8.28
%
Lenzing Aktiengesellschaft (Indirect)
Production of wood-based cellulose fibers
Austria
15.00
%
15.00
%
Nfinite Nanotechnology Inc. (Indirect)
Research and development of smart nanocoatings
Canada
5.40
%
4.90
%
(1) On September 24, 2025, Biomas Serviços Ambientais, Restauração e Carbono S.A. reduced its ownership interest in Muçununga Serviços Ambientais, Restauração e Carbono Ltda. from 100% to 50%, which remains an indirect investee of Suzano S.A.
(2) On September 30, 2025, pursuant to the Advance Subscription Agreement (ASA) entered into in December 2022, the investment made through Suzano Ventures in Allotrope Energy Ltd, held indirectly by Suzano S.A., was converted into preferred shares, corresponding to 20% of the investee's share capital.
(3) On October 3, 2025, the transaction with Spinnova Plc was completed, involving the transfer of the Company’s interest in Woodspin Oy and Suzano Finland Oy. Following the transaction, Suzano Finland Oy was renamed Spinnova Refining Oy, and Spinnova became the sole owner (100%) of both entities. The Company, in turn, retained an indirect interest in these companies.

1.2 Major events in the period
1.2.1 Acquisition of an interest in a global tissue business
On June 5, 2025, the Company announced that its wholly owned subsidiary, Suzano International Holding B.V., incorporated in the Netherlands, entered into an Equity and Asset Purchase Agreement with Kimberly-Clark Corporation (“K-C”) for the acquisition of 51% equity interest (the “Transaction”) in a newly formed company in the Netherlands (“Target Company”).
The Transaction involves the acquisition of assets and businesses related to the manufacturing, marketing, distribution, and sale of tissue products in selected jurisdictions across the Americas, Europe, Asia, Africa, and Oceania. The Transaction includes 22 production facilities located in 14 countries. In addition, certain regional brands will be transferred to the Target Company, and certain global brands will be licensed by K-C to the Target Company in the relevant regions on a royalty-free, long-term basis.
K-C will retain the remaining 49% ownership interest in the Target Company. The Transaction also includes a call option granted to Suzano to acquire K-C’s remaining 49% stake, exercisable from the third anniversary of the closing date or, under certain conditions, earlier.
The agreed purchase price for the 51% interest is US$1,734 million (equivalent to R$9,050 millions) to be paid in cash in full at closing, is subject to customary adjustments applicable to transactions of this nature. The closing of the transaction is subject to the satisfaction of customary precedent conditions, including regulatory approvals and local corporate reorganizations, and is expected to occur by mid-2026.
In accordance with IFRS 3 – Business Combinations, the Company will assess, on the closing date, the appropriate accounting treatment of the transaction, based on its final scope and the nature of the assets and operations transferred to the Target Company.
As of the issuance date of these unaudited condensed consolidated interim financial information, the Transaction has not resulted in any accounting impacts on the Company’s unaudited condensed consolidated interim financial information.
1.2.2 Middle East Crisis
The Company continuously monitors the scenario of geopolitical instability in the Middle East and assesses its potential impacts on the macroeconomic environment, the markets in which it operates, and its operations.
The Company has employees and facilities in Israel through its subsidiary FuturaGene Israel Ltd. and has been closely monitoring the local situation, adopting security measures and operational protocols in line with the guidance of the competent authorities.
As of the date of preparation of these unaudited condensed consolidated interim financial information, no material impacts have been identified on the supply of raw materials, logistics, or customer service. The main effects observed relate to increased volatility in energy and commodity costs, which have been managed through the Company’s customary risk mitigation mechanisms.
Based on the analyses conducted to date, Management considers that there is no evidence of material operational or financial impacts on the Company as of March 31, 2026; however, this assessment may be revised as the situation evolves.