Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 20

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 20
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   |     |              | 30,407.4 |   |     |                 | 165,936.1 |   |     |      | 143,593.0 |   |     |      | 133,198.0 |   |

| (1) | Solely for the convenience of the reader,                                                 
 amounts in reais have been translated for convenience only to U.S. dollars at an exchange 
 rate of R$5.4571 per US$ 1.00, which was the commercial selling rate for U.S. dollars     
 in effect on June 30, 2025, as reported by the Central Bank of Brazil.                    |

<div align='center'>S-15

SUZANO – CONSOLIDATED STATEMENTS OF INCOME (LOSS)</div>

|                                                         |     | For                           
 the six months ended June 30, 
 2025                          |          |   |     | 2025 |                  |   |     | 2024 |           |   |     |                         For 
 the year ended December 31, 
                        2024 |   |     | 2024             |           |   |     | 2023 |           |   |     | 2022 |           |   |
|:--------------------------------------------------------|:----|:------------------------------|---------:|:--|:----|:-----|-----------------:|:--|:----|:-----|----------:|:--|:----|----------------------------:|:--|:----|:-----------------|----------:|:--|:----|:-----|----------:|:--|:----|:-----|----------:|:--|
|                                                         |     |                               |      -in 
 millions 
       of 
   US$)(1 |   |     |      |              (in 
 millions of R$), 
           except 
   per share data |   |     |      |           |   |     |                         -in 
                    millions 
                          of 
                      US$)(1 |   |     | (in              
 millions of R$), 
 except per share 
 data             |           |   |     |      |           |   |     |      |           |   |
| Net sales                                               |     |                               |  4,553.5 |   |     |      |         24,848.8 |   |     |      |  20,952.7 |   |     |