Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 24

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 24
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     |                                 |    130.7 |   |     |      |    348.6 |   |     |      |     58.0 |   |
| Income from disposal and write-off of property, plant and equipment and biological assets (6)          |     |                                   |      8.8 |   |     |                    |      48.0 |   |     |      |    123.9 |   |     |                                 |    169.3 |   |     |      |    232.1 |   |     |      |    (19.4 | ) |
| Adjusted EBITDA                                                                                        |     |                                   |  2,007.1 |   |     |                    |  10,953.2 |   |     |      | 10,845.8 |   |     |                                 | 23,849.2 |   |     |      | 18,273.0 |   |     |      | 28,194.9 |   |

| (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 2025, these expenditures were mostly derived from the transaction with Kimberly-Clark, 
 covering costs with consultancy, advisory services, and other expenses associated with the integration and structuring of the Acquisition.     |

| (4) | Exceptional: Refers to the penalties for contractual termination of a specific barge agreement. The impact 
 of the termination of this specific agreement were accounted for in 2023 and 2022.                         |

| (5) | 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 of the PIS and COFINS 
 calculation base. These amounts refer to tax credits for amounts paid in prior fiscal years.                                             |

| (6) | 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, int