Company: SUZ
Filing Date: 2025-11-06
Form Type: 6-K
Source: 0000909327-25-000055
Chunk: 14

Company: Suzano S.A.
Filing Date: 2025-11-06
Form: 6-K
Chunk 14
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,240 |            |     |  1,006,427 |                  |
| Non-current assets                                   |     |            |            |     |           |                              |     |  6,753,164 |            |     |  2,880,673 |                  |
| Current liabilities                                  |     |            |            |     |           |                              |     | -1,188,743 |            |     | -2,760,273 |                  |
| Non-current liabilities                              |     |            |            |     |           |                              |     | -6,434,548 |            |     | -7,694,547 |                  |
|                                                      |     |            |            |     |           |                              |     |    493,113 |            |     | -6,567,720 |                  |

(1) The embedded derivative refers to a swap contract for the sale of price variations in US$ and US-CPI within the term of a forest partnership with a standing wood supply contract.

The variation in the fair values of derivatives on September 30, 2025 compared to the fair values measured on December 31, 2024 are explained substantially by the appreciation of the Brazilian Real against the US$ and by settlements during the period. There were also impacts caused by the variations in the Pre Fixed, Foreign Exchange Coupon and SOFR curves in the operations.

It is important to highlight that the outstanding agreements on September 30, 2025 are over-the-counter market operations, without any type of collateral margin or forced early settlement clause due to variations from market marking.

| 20 |

4.5.2 Fair Value Maturity Schedule (net amounts)

|              |     |          | 09/30/2025 |     |            | 12/31/2024 |
| 2025         |     |  176,214 |            |     | -1,753,846 |            |
| 2026         |     |  448,898 |            |     | -1,699,768 |            |
| 2027         |     |  741,124 |            |     |    -36,905 |            |
| 2028 onwards |     | -873,123 |            |     | -3,077,201 |            |
|              |     |  493,113 |            |     | -6,567,720 |            |

4.5.3 Outstanding assets and