Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 131

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 8
Chunk 131
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ITEM 8. FINANCIAL INFORMATION

A. Consolidated Statements and Other Financial Information

See our audited consolidated financial statements included in this Annual Report.

Legal Proceedings

We are a party to numerous legal proceedings in Brazil relating to civil, administrative, tax, labor, environmental and corporate issues arising in the normal course of our business. We recognize provisions when losses are assessed as probable and the amounts involved can be measured reliably. Below is a summary of the provisions recognized in our legal proceedings.

                                         December 31,                                                                          December 31, 2023               
                                         2024                                                                                                                  
                                         Judicial deposits        Provision                   Provision, net                   Provision, net                  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                         (in millions of R$)                                                                                                   
  Tax and social security                66.7                                    2,402.4                          2,335.7                             2,329.4  
  Labor                                  91.6                     353.9                       262.3                            266.8                           
  Civil environment and real estate      20.1                     348.8                       328.8                            264.2                           
                                         178.4                                   3,105.2                          2,926.8                             2,860.4  

Table of Co ntents

Although the amounts of any liability that could arise against us with respect to these actions cannot be accurately predicted, in our opinion, except as described below, such actions, if decided adversely to us, would not, individually or in the aggregate, have a material adverse effect on our financial condition. The amount of the legal cases assessed as reasonably possible, as of December 31, 2024, is R$9,837.1 million for tax proceedings, R$171.5 million for labor proceedings and R$5,065.7 million for civil proceedings.

Tax Proceedings

As of December 31, 2024, we were involved as the defendant in approximately 58 administrative and judicial proceedings of tax and welfare nature, which likelihood of loss is probable, involving a plurality of taxes, such as corporate income tax (IRPJ), social contribution on net income (CSLL), retained income tax (IRRF), social integration program (PIS), social contribution on revenue (COFINS), tax on industrialized products (IPI), social contribution, tax on rural real estate (ITR), value added tax on goods and