Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 120

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 5
Chunk 120
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 present requirements. Our primary sources of liquidity have historically been cash flows from operating and financing activities and short-term and long-term borrowings.

Our material cash requirements have historically included the following:

• working capital;

• debt service; and

Table of Co ntents

• capital expenditures.

Long-term borrowings have generally been used to finance our major capital expenditure projects and have historically been sourced principally by either export prepayment contracts under which we, or one of our wholly owned subsidiaries, borrow funds by offering the guarantee of export contracts, issuance of Agribusiness Receivables Certificates (CRA), or capital expenditures acquisition financing programs offered by BNDES. The scheduled maturities of these long-term loans have been structured to match the expected cash flow from the conclusion of the related capital expenditure projects and, as a result, reduce the risk of any significant deterioration of our liquidity position. We also rely on bonds or notes issued in the international markets by wholly-owned subsidiaries, mainly domiciled in other countries.

As of December 31, 2024 and 2023, our cash and cash equivalents were R$9,018.8 million and R$8,345.9 million, respectively. Of our cash and cash equivalents and marketable securities held as of December 31, 2024, 70% was denominated in reais invested in both public and private financial investments. The remaining 30% of our cash, cash equivalents and marketable securities was denominated in U. S. dollars.

We also have access to RCF (Revolving Credit Facilities) in the total amount of US$1,275.0 million that is available until February 2027. As of December 31, 2024, we had not drawn under this line.

The fair value of derivative financial instruments represented a negative net balance of R$ 6,567.7 million as of December 31, 2024.

As of December 31, 2024, our balance sheet presented a lower working capital balance (current assets less current liabilities) of R$ 17,705.0 million compared to R$23,774.0 million on December 31, 2023. Our current assets as of December 31, 2024, were equivalent to 1.7 times our current liabilities.

For 2024, we have already announced to the market, as approved by our board of directors, the intention to invest R$7,677.4 million as maintenance capex (for further information