Company: SUZ
Filing Date: 2025-09-02
Form Type: 6-K
Source: 0001104659-25-086003
Chunk: 1

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 6-K
Chunk 1
---
 differ significantly from those discussed in the forward-looking statements for several reasons, including, without limitation, the risks described in “Forward-Looking Statements” and “Item 3D. Risk Factors” in our 2024 Form 20-F for the year ended December 31, 2024, filed with the SEC on April 28, 2025.

Results of Operations – Six Months ended June 30, 2025 compared to Six Months ended June 30, 2024

The following discussion of
our results of operations is based on (i) our audited consolidated financial statements as of December 31, 2024 and 2023 and for
the three years ended December 31, 2024, which we refer to as “Audited Consolidated Financial Statements,” prepared in
accordance with the International Financial Reporting Standards as issued by International Accounting Standards Board (IASB) (the “IFRS
Accounting Standards”), and (ii) our unaudited condensed consolidated interim financial information for the six-month period ended
June 30, 2025 presented in accordance with IAS 34 Interim Financial Reporting, as issued by IASB. References to increases or decreases
in any year or period are made by comparison with the corresponding prior year or period, except as the context otherwise indicates.

|                                                                 |     | For the six-month period ended June 30, |     2025 |   |     |                                            |      2025 |   |     |     |      2024 |   |
|:----------------------------------------------------------------|:----|:----------------------------------------|---------:|:--|:----|:-------------------------------------------|----------:|:--|:----|:----|----------:|:--|
|                                                                 |     | millions of US$ (3)                     |          |   |     | (in millions of R$), except per share data |           |   |     |     |           |   |
| Net sales                                                       |     |                                         |  4,553.5 |   |     |                                            |  24,848.8 |   |     |     |  20,952.7 |   |
| Cost of sales                                                   |     |                                         | (2,993.8 | ) |     |                                            | (16,337.3 | ) |     |     | (11,793.1 | ) |
| Gross profit                                                    |     |                                         |  1,559.7