Company: SUZ
Filing Date: 2025-09-02
Form Type: 6-K
Source: 0001104659-25-086003
Chunk: 3

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 6-K
Chunk 3
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 real, partially offset by a 16% decrease in the net average price of pulp in the international market. Net revenue
from pulp exports accounted for 72.3% of total net revenue for the six-month period ended June 30, 2025.

Our average international pulp price in the six months ended June 30, 2025 decreased 16%, to US$554/ton in the six months ended June 30, 2025, from US$662/ton in the corresponding period in 2024, mainly due to the uncertainty relating to trade and tariffs, which led to lower demand from the Chinese market. In the domestic market, the net average price of pulp decreased by 6%, to US$546/ton in the six-month
period ended June 30, 2025 from US$583/ton in the same period in 2024.

Our paper net sales increased
37%, to R$5,949.3 million in the six months ended June 30, 2025 from R$4,357.9 million in the corresponding period in 2024, mainly due
the launch of Suzano Packaging’s new operation in the United States, the 13% appreciation of the average U.S. dollar against the
average Brazilian real, and a higher net average price. Paper net sales represented 24% of total net sales in the six months ended June
30, 2025, compared to 21% in the corresponding period in 2024. Net revenue from paper in the international market accounted for 10% of
total net revenue for the six-month period ended June 30, 2025. Net revenue from paper in the Brazilian market increased by 5%, to R$3,487.8
million in the six-month period ended June 30, 2025, from R$3,312.0 million in the six-month period ended June 30, 2024, driven by the
same factors previously mentioned.

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The average international
realized paper price in 2025 increased 19%, to US$1,237/ton in the six months ended June 30, 2025 from US$1,042/ton in the corresponding
period in 2024. In the domestic market, the average net paper sales price decreased 9%, to US$1,328 /ton in the six months ended on June
30, 2025 from US$1