Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 35

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 16
Chunk 35
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 Products, or Imposto sobre Produtos Industrializados.                                
IRPJ                 Corporate Income Taxes, or Imposto de Renda Pessoa Jurídica.                                             
ISS                  Tax on Services, or Imposto Sobre Serviços.                                                              
LGPD                 Personal Data Protection Law, or Lei Geral de Proteção de Dados Pessoais                                 
MAI                  Mean annual increment                                                                                    
MAICel               Mean annual increment of pulp per hectar per year                                                        
PFIC                 Passive foreign investment company                                                                       
PIS                  Social Integration Program, or Programa de Integração Social.                                            
PPPC                 Pulp and Paper Products Council.                                                                         
RFB                  Brazilian Internal Revenue Service, or Receita Federal do Brasil.                                        
Securities Act       U.S. Securities Act of 1933, as amended.                                                                 
SUDENE               Superintendence for Development of the Northeast, or Superintendência do Desenvolvimento do Nordeste.    
TJLP                 Brazilian Long-Term Interest Rate, or Taxa de Juros de Longo Prazo.                                      
Table of Contents

PRESENTATION OF FINANCIAL AND OTHER INFORMATION
We have prepared our consolidated financial statements as of December 31, 2024 and 2023, and for each of the three years ended December 31, 2024 included herein (our audited consolidated financial statements), in compliance with the International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS Accounting Standards). The selected financial information should be read together with our audited consolidated financial statements, including the notes thereto.
Our functional currency and that of all our subsidiaries is the real, which is also the currency used for the preparation and presentation of our consolidated financial statements, except for Suzano Packaging and investments in associates abroad related to Ensyn Corporation, F&E Technologies LLC, Celluforce, Woodspin OY and Spinnova OY. See note 3.2.5. of our audited consolidated financial statements, included in this Annual Report.
We make statements in this annual report about our competitive position and our market share in, and the market size of, the market pulp and paper industry. We have made these statements on the basis of statistics and other information from third-party sources that we believe are reliable.
The financial information and certain other information presented in a number of tables in this annual report have been rounded to the nearest whole number or the nearest decimal. Therefore, the sum of the numbers in a column may not