Company: SUZ
Filing Date: 2025-09-02
Form Type: 6-K
Source: 0001104659-25-086003
Chunk: 5

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 6-K
Chunk 5
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 amount
of R$64.0 million and investment in the associated Woodspin Oy in 2025 in the amount of R$118.0 million.

Other operating (expenses) income, net

Our other operating income (expenses)decreased to an expense of R$274.1 million in the six months ended June 30, 2025, from an income
of R$424.0 million in the corresponding period in 2024. The fluctuation is mainly due to the adjustment in the fair value adjustment of
our biological assets, which had a negative impact of R$73.2 million in the six months ended June 30, 2025, in contrast to the positive
effect of R$539 million in the same period of 2024.

Operating profit before net financial income

Due to the factors previously discussed, our operating profit before net financial incomedecreased 28%, to R$5,134.2 million in the
six months ended June 30, 2025, from R$7,165.9 million in the corresponding period in 2024. The operating margin reached 20.7% at the
end of the six-month period ended June 30, 2025, representing a decrease compared to the margin of 34.2% in the same period of 2024.

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Net financial income (expenses)

Our net financial income (expenses)increased to an income of R$12,121.2 million in the six months ended June 30, 2025 from a loss
of R$14,113.7 million in the corresponding period in 2024. This variation was mainly due to monetary and exchange variations (positive
impact of R$16,379.7 million) and the result of derivative financial instruments (positive impact of R$10,877.4 million).

Income and social contribution taxes

Our total income tax and social contributionincreased R$9,297.6 million, to an expense of R$5,895.2 million in the six months ended
June 30, 2025 from a tax benefit of R$3,402.4 million in the corresponding period in 2024, mainly due to the effects from monetary and
exchange variations and derivative financial instruments, considering that the tax impact is recognized only upon financial settlement
(cash basis). Consequently, in 2025, we recognized an increase in deferred tax expenses,