Company: SUZ
Filing Date: 2025-08-07
Form Type: 6-K
Source: 0000909327-25-000014
Chunk: 11

Company: Suzano S.A.
Filing Date: 2025-08-07
Form: 6-K
Chunk 11
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itivity analysis – foreign exchange rate exposure – derivative financial instruments

The Company has sales operations in US$ in the futures markets, including strategies using options, to ensure attractive levels of operating margins for a portion of its revenue. These operations are limited to a percentage of the total exposure to US$ over a 24-month horizon, and are therefore pegged to the availability of ready-to-sell foreign exchange in the short term.

In addition to the transaction described above, the Company also taken out derivative instruments linked to the US$ and subject to exchange fluctuations, seeking to adjust the debt's currency indexation to the cash generation currency, as provided for in its financial policies.

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For the calculation of the mark-to-market (“MtM”) price, the exchange rate of the last business day of the period is used. These market movements caused a negative impact on the mark-to-market position entered into by the Company.

This analysis below assumes that all other variables, particularly the interest rates, remain constant. The other scenarios considered the variation of the Brazilian Real against the US$ by 25% and 50%, before taxes, based on the base scenario on June 30, 2025.

The following table set out the possible impacts assuming these scenarios:

|                                                      |     |          |                       |     |            |              |     |             | 06/30/2025               |
|                                                      |     |          |                       |     |            |              |     |             | Effect on profit or loss |
|                                                      |     |          | Probable (base value) |     |            | Possible 25% |     |             | Remote 50%               |
| Dollar/Real                                          |     |          |                       |     |            |              |     |             |                          |
| Derivative financial instruments                     |     |          |                       |     |            |              |     |             |                          |
| Derivative options                                   |     |  290,364 |                       |     | -6,463,834 |              |     | -14,873,219 |                          |
| Derivative swaps                                     |     | -873,359 |                       |     | -2,591,116 |              |     |  -5,096,080 |                          |
| Derivative Non-Deliverable Forward (‘NDF’) Contracts |     |    7,419 |                       |     |   -115,804 |              |     |    -232,931 |                          |
| Embedded