Suzano
SUZ · NYSEPaper Mills · Reports in BRL
Net income was BRL 13.4B. Operating cash flow of BRL 18.2B less capital expenditure of BRL 4.6B left free cash flow of BRL 13.6B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cost of revenue | BRL 20.6B | BRL 24.8B | BRL 25.1B | BRL 27.4B | BRL 33.9B |
| Gross profit | BRL 20.3B | BRL 25B | BRL 14.7B | BRL 20B | BRL 16.2B |
| Operating income | BRL 18.2B | BRL 22.2B | BRL 12.2B | BRL 15.7B | BRL 10.6B |
| Interest expense | BRL 4.2B | BRL 4.6B | BRL 4.7B | BRL 5.5B | BRL 6.9B |
| Pre-tax income | BRL 8.8B | BRL 28.7B | BRL 18B | −BRL 13.1B | BRL 20.4B |
| Income tax | −BRL 197M | −BRL 5.3B | −BRL 3.9B | BRL 6.1B | −BRL 7B |
| Net income | BRL 8.6B | BRL 23.4B | BRL 14.1B | −BRL 7B | BRL 13.4B |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | BRL 13.6B | BRL 9.5B | BRL 8.3B | BRL 9B | BRL 15.2B |
| Receivables | – | BRL 9.6B | BRL 6.8B | BRL 9.1B | BRL 6.6B |
| Inventory | BRL 4.6B | BRL 5.7B | BRL 5.9B | BRL 8B | BRL 8.2B |
| Current assets | BRL 34.1B | BRL 37.1B | BRL 38.6B | BRL 42.2B | BRL 43.9B |
| Net PP&E | BRL 38.2B | BRL 50.7B | BRL 59.3B | BRL 65B | BRL 64.3B |
| Goodwill | BRL 232M | BRL 233M | BRL 229M | BRL 225M | BRL 29M |
| Total assets | BRL 119B | BRL 133B | BRL 144B | BRL 166B | BRL 168B |
| Current liabilities | BRL 11.6B | BRL 14.5B | BRL 14.8B | BRL 24.5B | BRL 13.8B |
| Total liabilities | BRL 104B | BRL 100B | BRL 98.8B | BRL 134B | BRL 124B |
| Shareholders' equity | BRL 15.1B | BRL 33.1B | BRL 44.7B | BRL 32.3B | BRL 43.8B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | BRL 17.6B | BRL 21.6B | BRL 17.3B | BRL 20.6B | BRL 18.2B |
| Capital expenditure | BRL 2.2B | BRL 9.8B | BRL 11.7B | BRL 9.2B | BRL 4.6B |
| Free cash flow | BRL 15.5B | BRL 11.8B | BRL 5.6B | BRL 11.4B | BRL 13.6B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating income growth (YoY) | – | 22.2% | −45.0% | 28.4% | −32.1% |
| Return on equityBlank when equity is negative | 57.3% | 70.8% | 31.6% | −21.8% | 30.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 16.9% | 18.7% | 9.5% | 11.1% | 6.9% |
| Cash conversion (CFO ÷ net income) | 2.04x | 0.93x | 1.23x | −2.92x | 1.35x |
| Inventory days | 82 | 84 | 87 | 106 | 88 |
| Interest cover | 4.31x | 4.84x | 2.62x | 2.83x | 1.55x |
| Current ratio | 2.95x | 2.56x | 2.61x | 1.72x | 3.19x |
Recent filings
More in Paper Mills
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.