Company: SUZ
Filing Date: 2025-05-08
Form Type: 6-K
Source: 0001628280-25-023906
Chunk: 12

Company: Suzano S.A.
Filing Date: 2025-05-08
Form: 6-K
Chunk 12
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#### 4.4.3 Pulp and commodity price risk management
The Company is exposed to the selling price of pulp and commodity prices in the international market. The dynamics of rising and falling production capacities in the global market and macroeconomic conditions may impact the Company´s operating results.

Through a specialized team, the Company monitors hardwood pulp prices and analyses future trends, adjusting the forecasts aimed at assisting with preventive measures to calculate the different scenarios. There is no sufficiently liquid financial market to mitigate the risk of a material portion of the Company’s operations. Hardwood pulp price protection instruments available on the market have low liquidity and low volume, and high levels of distortion in price formation.

The Company is also exposed to international oil prices, reflected in logistical costs for selling in the export market, and indirectly in the costs of other supply, logistics and service contracts. In such cases, the Company evaluates whether to contract derivative financial instruments to mitigate the risk of price variations in its results.

#### 4.5 Derivative financial instruments
The Company determines the fair value of derivative contracts, which differ from the amounts realized in the event of early settlement due to bank spreads and market factors at the time of quotation. The amounts presented by the Company are based on an estimate using market factors and use data provided by third parties, measured internally and compared to calculations performed by external consultants and by counterparties.

Details of derivative financial instruments and their respective calculation methodologies are disclosed in the annual financial statements for the year ended December 31, 2024 (Note 4).

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4.5.1 Outstanding derivatives by contract type, including embedded derivatives

The positions of outstanding derivatives are set forth below:

|                                                      |     |           |            |     |           | Notional value, net in U.S.$ |     |            |            |     |            | Fair value in R$ |
|                                                      |     |           | 03/31/2025 |     |           | 12/31/2024                   |     |            | 03/31/2025 |     |            | 12/31/2024       |
| Instruments as part of cash flow protection strategy |     |           |            |     |           |                              |     |            |            |     |            |                  |
| Cash flow hedge                                      |     |           |            |     |           |                              |     |            |            |     |            |                  |
| Zero Cost Collar                                     |     | 7