Suzano (NYSE: SUZ) financial statements
The consolidated income statement, balance sheet and cash flow statement of Suzano for its last 10 fiscal years, as filed with the regulator, in millions of Brazilian reais. At the end of fiscal 2025 it had BRL 167,936m in total assets and BRL 43,812m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 50,116m | BRL 47,403m | BRL 39,756m | BRL 49,831m | BRL 40,965m | BRL 30,460m | BRL 26,013m | BRL 13,443m | BRL 10,581m | BRL 9,839m |
| Cost of sales | BRL 33,890m | BRL 27,402m | BRL 25,077m | BRL 24,821m | BRL 20,616m | BRL 18,966m | BRL 20,743m | BRL 6,922m | BRL 6,496m | BRL 6,563m |
| Gross profit | BRL 16,226m | BRL 20,002m | BRL 14,679m | BRL 25,010m | BRL 20,350m | BRL 11,494m | BRL 5,269m | BRL 6,521m | BRL 4,084m | BRL 3,276m |
| Operating profit | BRL 10,649m | BRL 15,691m | BRL 12,216m | BRL 22,223m | BRL 18,180m | BRL 8,443m | BRL 2,629m | BRL 5,008m | BRL 3,278m | BRL 1,275m |
| Finance costs | BRL 5,679m | BRL 4,454m | BRL 3,637m | BRL 3,648m | BRL 3,189m | BRL 3,276m | BRL 3,359m | BRL 1,076m | BRL 1,036m | BRL 991.8m |
| Profit before tax | BRL 20,411m | −BRL 13,111m | BRL 17,997m | BRL 28,656m | BRL 8,833m | −BRL 17,642m | −BRL 4,097m | BRL 165.3m | BRL 2,260m | BRL 2,397m |
| Income tax | BRL 6,973m | BRL 6,066m | BRL 3,891m | BRL 5,261m | BRL 197.4m | BRL 6,927m | BRL 1,282m | BRL 154.5m | BRL 438.6m | BRL 718.9m |
| Net profit | BRL 13,408m | −BRL 7,074m | BRL 14,085m | BRL 23,382m | BRL 8,626m | −BRL 10,725m | −BRL 2,818m | BRL 319.7m | BRL 1,821m | BRL 1,678m |
| Earnings per share | — | — | BRL 10.86 | BRL 17.58 | BRL 6.39 | −BRL 7.95 | −BRL 2.09 | BRL 0.29 | BRL 1.67 | BRL 1.54 |
| Diluted earnings per share | — | — | BRL 10.85 | BRL 17.57 | BRL 6.39 | −BRL 7.95 | −BRL 2.09 | BRL 0.29 | BRL 1.66 | BRL 1.53 |
| Depreciation and amortisation | BRL 11,297m | BRL 9,224m | BRL 7,321m | BRL 7,408m | BRL 7,042m | BRL 6,773m | BRL 8,092m | BRL 1,563m | BRL 1,403m | BRL 1,404m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 167,936m | BRL 165,936m | BRL 143,593m | BRL 133,198m | BRL 118,975m | BRL 101,801m | BRL 97,908m | BRL 53,933m | BRL 28,526m | BRL 29,371m |
| Current assets | BRL 43,867m | BRL 42,183m | BRL 38,569m | BRL 37,123m | BRL 34,103m | BRL 17,958m | BRL 18,884m | BRL 30,799m | BRL 6,800m | — |
| Inventories | BRL 8,156m | BRL 7,962m | BRL 5,947m | BRL 5,728m | BRL 4,637m | BRL 4,009m | BRL 4,686m | BRL 1,853m | BRL 1,198m | — |
| Property, plant and equipment | BRL 64,296m | BRL 64,986m | BRL 59,289m | BRL 50,657m | BRL 38,170m | BRL 39,157m | BRL 41,121m | BRL 17,020m | BRL 16,211m | BRL 17,020m |
| Goodwill | BRL 29.4m | BRL 225.5m | BRL 228.9m | BRL 233.4m | BRL 231.7m | BRL 236.4m | BRL 161.5m | BRL 158.3m | BRL 45.4m | — |
| Cash | BRL 15,180m | BRL 9,019m | BRL 8,346m | BRL 9,506m | BRL 13,591m | BRL 6,835m | BRL 3,249m | BRL 4,387m | BRL 1,077m | BRL 1,615m |
| Total liabilities | BRL 123,983m | BRL 133,521m | BRL 98,783m | BRL 100,032m | BRL 103,800m | BRL 94,463m | BRL 79,820m | BRL 41,907m | BRL 16,910m | BRL 19,246m |
| Current liabilities | BRL 13,773m | BRL 24,478m | BRL 14,795m | BRL 14,493m | BRL 11,551m | BRL 8,173m | BRL 11,479m | BRL 6,059m | BRL 3,719m | — |
| Equity | BRL 43,812m | BRL 32,284m | BRL 44,693m | BRL 33,061m | BRL 15,075m | BRL 7,232m | BRL 17,973m | BRL 12,012m | BRL 11,617m | BRL 10,125m |
| Equity including minorities | BRL 43,952m | BRL 32,416m | BRL 44,810m | BRL 33,166m | BRL 15,175m | BRL 7,337m | BRL 18,088m | BRL 12,026m | BRL 11,617m | BRL 10,125m |
| Minority interests | BRL 140.1m | BRL 131.3m | BRL 117.5m | BRL 105.3m | BRL 99.7m | BRL 105.6m | BRL 115.3m | BRL 13.9m | −BRL 0.0m | BRL 0.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | BRL 18,152m | BRL 20,604m | BRL 17,315m | BRL 21,641m | BRL 17,637m | BRL 13,125m | BRL 7,576m | BRL 5,169m | BRL 3,067m | BRL 3,076m |
| Investing cash flow | −BRL 9,833m | −BRL 20,513m | −BRL 26,035m | −BRL 17,016m | −BRL 10,359m | −BRL 736.4m | −BRL 11,695m | −BRL 21,961m | −BRL 1,008m | −BRL 3,342m |
| Financing cash flow | −BRL 1,820m | −BRL 83.8m | BRL 7,799m | −BRL 8,107m | −BRL 1,574m | −BRL 9,785m | BRL 3,142m | BRL 20,035m | −BRL 2,612m | BRL 566.1m |
| Capital expenditure | −BRL 4,579m | −BRL 9,191m | −BRL 11,674m | −BRL 9,791m | −BRL 2,151m | −BRL 1,503m | −BRL 2,002m | −BRL 1,251m | −BRL 859.9m | −BRL 886.0m |
| Dividends paid | −BRL 5.6m | — | −BRL 192.5m | −BRL 4,151m | −BRL 9.7m | — | −BRL 596.5m | −BRL 210.2m | −BRL 570.6m | −BRL 370.8m |
Where each figure comes from
From the annual report (Form 20-F) that Suzano files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Suzano page.
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Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.