Company: SUZ
Filing Date: 2025-09-02
Form Type: 6-K
Source: 0001104659-25-086003
Chunk: 2

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 6-K
Chunk 2
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 divided by the weighted average number of outstanding common shares, subtracted from the           
 potential dilutive effect generated by the conversion of all common shares. Due to the loss        
 recorded in 2024, we do not consider the dilution effect in the calculation of 2024.               |
| (3) | For                                                                                                
 convenience purposes only, amounts in reais in the year ended June 30, 2025 have been translated   
 to U.S. dollars using a rate of R$ 5.4571 to US$1.00, the commercial selling rate for U.S.         
 dollars on June 30, 2025 as reported by the Central Bank of Brazil.                                |

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Net sales revenue

Our net sales increased 19%,
to R$24,848.8 million in the six months ended June 30, 2025 from R$20,952.7 million in the corresponding period in 2024, mainly due
to the higher sales volume, the 13% appreciation of the average U.S. dollar against the average Brazilian real, and the launch of Suzano
Packaging’s new operation in the United States, following the acquisition of assets from Pactiv Evergreen Inc on October 1, 2024.
These effects were partially offset by a 15% decline in the net average price of pulp in U.S dollars.

Our net sales from pulp increased
14%, to R$18,899.5 million in the six months ended June 30, 2025 from R$16,594.9 million in the corresponding period in 2024 mainly due
to a 20% increase in sales volume and a 13% appreciation of the average U.S. dollar against the average Brazilian real, partially offset
by a 15% decrease in the net average price in U.S. dollar. Revenue from pulp accounted for 76% of total revenue for the six-month period
ended June 30, 2025, compared to 79% for the six-month period ended June 30, 2024.

Our net sales from pulp exports increased 16%, to R$17,964.6 million in the six months ended June 30, 2025 from R$ 15,544.9 million
in the corresponding period in 2024, mainly due to a 22% increase in sales volume and a 13% appreciation of the average U.S. dollar against
the average Brazilian