Company: SUZ
Filing Date: 2025-11-06
Form Type: 6-K
Source: 0000909327-25-000055
Chunk: 12

Company: Suzano S.A.
Filing Date: 2025-11-06
Form: 6-K
Chunk 12
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     | -119,894 |               |     |   -233,105 |                          |

4.4.2.3 Sensitivity analysis to changes in the consumer price indices of the US economy

For the measurement of the probable scenario, the United States Consumer Price Index (“US-CPI”) was considered on September 30, 2025. The probable scenario was extrapolated considering a appreciation of 25% and 50% in the US-CPI to define the possible and remote scenarios, respectively.

The following table sets out the possible impacts, assuming these scenarios in absolute amounts:

|                                                                                                                |     |        |                       |     |         |                |     |         | 09/30/2025               |
|                                                                                                                |     |        |                       |     |         |                |     |         | Effect on profit or loss |
|                                                                                                                |     |        | Probable (base value) |     |         | Possible (25%) |     |         | Remote (50%)             |
| Embedded derivative in a commitment to purchase standing wood, originating from a forest partnership agreement |     | 99,383 |                       |     | -24,312 |                |     | -51,222 |                          |

| 18 |

4.4.3 Pulp and commodity price risk management

The Company is exposed to the selling price of pulp and commodity prices in the international market. The dynamics of rising and falling production capacities in the global market and macroeconomic conditions may impact the Company´s operating results.

Through a specialized team, the Company monitors hardwood pulp prices and analyses future trends, adjusting the forecasts aimed at assisting with preventive measures to calculate the different scenarios. There is no sufficiently liquid financial market to mitigate the risk of a material portion of the Company’s operations. Hardwood pulp price protection instruments available on the market have low liquidity and low volume, and high levels of distortion in price formation.

The Company is also exposed to international oil prices, reflected in logistical costs for selling in the export market, and indirectly in the costs of other supply, logistics and service contracts. In such cases, the Company evaluates whether to contract derivative financial instruments to mitigate the risk of price variations in its results.

4.5 Derivative financial instruments

The Company determines the fair value of derivative contracts, which differ from the amounts realized in the event of early settlement due to bank spreads and market factors at the time of quotation. The amounts presented by the Company are based on an estimate using market factors and use data provided by third