Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 47

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 47
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.1                      25.2                 
  Penalties for termination of the barge contract with Norsul (4)                                            —                      49.7                 
  Tax credits - Exclusion of ICMS in the PIS and COFINS calculation base (6)                             (0.3)                      15.1                 
  Termination of packaging subsidiary (7)                                                                  1.2                       9.0                 
  Write-off of the development contract advance program (1)                                                4.4                       3.3                 
  Write-off of wood inventory (1)                                                                         11.9                      23.0                 
  Adjusted EBITDA                                                                                                    23,849.2                  18,273.0  

(1) Non-cash adjustments.

(2) Exceptional: Disbursements made for carrying out social actions implemented by the Company, primarily including donations of essential materials and administrative materials, intended for the victims of the disaster in the state of Rio Grande do Sul.

(3) Specific adjustments relating to administrative expenses related to asset acquisitions, business combinations and investments. In 2024, these expenditures were mostly from Lenzing and Pactiv, covering costs with consultancy, advisory services, and other expenses associated with the integration and structuring of the acquisitions.

(4) Exceptional: Refers to the penalties for contractual termination of a specific barge agreement.

(5) Specific adjustment for losses or gains on realization (write-off of sale, scrap, loss, decommissioning, dismantling or property, plant and equipment inventory adjustment) of fixed, intangible and biological assets whose economic benefits may no longer be obtained or that do not relate to the core business of the Company.

(6) Specific adjustment for the total PIS and COFINS tax credits to be recovered recognized by the Company, following a decision by the Federal Supreme Court (STF) regarding the exclusion of ICMS (ICMS) of the PIS and COFINS calculation base. These amounts refer to tax credits for amounts paid in prior fiscal years.

(7) Specific adjustment for the termination of a packaging subsidiary.

B. Capitalization and Indebtedness

Not applicable.

C. Reasons for the Offer and Use of Proceeds

Not applicable.

D. Risk Factors

We are subject to various risks and uncertainties resulting from changing competitive, economic, political, environmental and social conditions that could harm our business, results of operations or financial condition. The risks described below, although not being the only ones