Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 116

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 5
Chunk 116
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 shareholders divided by the weighted average number of outstanding common shares, subtracted from the potential dilutive effect generated by the conversion of all common shares. Due to the loss recorded in the period, we do not consider the dilution effect in the calculation

(3) In thousands of US$, except per share data. For convenience purposes only, amounts in reais in the year ended December 31, 2024 have been translated to U. S. dollars using a rate ofR$5.7422 to US$1.00, the commercial selling rate for U. S. dollars on March 31, 2025 as reported by the Central Bank of Brazil.

Year ended December 31, 2024 compared to year ended December 31, 2023

Our net sales increased 19.2%, to R$47,403.3 million in 2024 from R$39,755.6 million in 2023 a result impacted mainly by the higher net price of cellulose and sales volume during the year.

Table of Co ntents

Our net sales from pulp increased 22.5%, to R$37,593.5 million in 2024 from R$30,677.3 million in 2023, due to the appreciation of the average USD against the average BRL (8%), a 6.3% increase in sales volume and a 6.8% increase in pulp prices in U. S. dollars. Our net sales from pulp represented 79.3% in 2024, compared to 77.2% in the 2023.

Our net sales from pulp exports increased 23.7%, to R$35,298.2 million in 2024 from R$28,533.1 million in 2023, mainly due to 6.8% increase in pulp prices in U. S. dollars and a 6.3% increase in pulp sales volume. Net revenues from pulp exports represented 74.5% of total net revenues in 2024.

Our average international pulp price increased 7.3%, to US$644/ton in 2024 from US$600/ton in 2023. In the domestic market, our average net pulp sales price decreased 0.2%, to US$611/ton in 2024 from US$613/ton in 2023. For a discussion of the reasons of the increase in international sales price of pulp, see above “ Item 5. Operating