Leases (Tables)

6 Months Ended

Jun. 30, 2025

Presentation of leases for lessee [abstract]

Disclosure of quantitative information about right-of-use assets [text block]


	Lands	Machinery and equipment	Buildings	Ships and boats	Vehicles	Total
Balances at December 31, 2023	3,380,298	184,813	127,432	1,498,228	5,860	5,196,631
Additions/updates	506,373	157,542	41,235		39,076	744,226
Depreciation (1)	(408,000)	(167,312)	(54,275)	(124,890)	(2,587)	(757,064)
Write-offs (2)	(3,102)					(3,102)
Balances at December 31, 2024	3,475,569	175,043	114,392	1,373,338	42,349	5,180,691
Additions/updates	380,034	39,236	68,633			487,903
Depreciation (1)	(214,881)	(70,313)	(28,110)	(62,445)	(6,782)	(382,531)

Balances at June 30, 2025	3,640,722	143,966	154,915	1,310,893	35,567	5,286,063

(1)The amount of depreciation related to land is substantially reclassified to biological assets to make up the formation costs.

(2)Write-off due to cancellation of contracts.

Lessee, Operating Leases, Present Value Of Lease Liabilities [Table Text Block ]


Nature of agreement	Average rate - % p.a. (1)	Maturity (2)	Present value of liabilities
Lands and farms	12.62	April/2053	4,120,231
Machinery and equipment	11.65	April/2035	232,851
Buildings	11.27	March/2031	137,989
Ships and boats	11.25	February/2039	2,258,061
Vehicles	11.10	November/2028	38,865
			6,787,997

(1)To determine the discount rates, quotes were obtained from financial institutions for agreements with characteristics and average terms similar to the lease agreements.

(2)Refers to the original maturities of the agreements and, therefore, does not consider eventual renewal clauses.

Lessee, Operating Leases, Changes in Lease Liabilities


	06/30/2025	12/31/2024
Opening balance	6,972,915	6,243,782
Additions	487,903	744,226
Write-offs (2)		(3,102)
Payments	(713,779)	(1,325,398)
Accrual of financial charges (1)	363,441	700,283
Exchange rate variations	(322,483)	613,124
Closing balance	6,787,997	6,972,915

Current	838,023	872,228
Non-current	5,949,974	6,100,687

(1)On June 30, 2025, the amount of R$133,133 related to interest expenses on leased lands was capitalized to biological assets to represent the formation cost (R$223,055 as of December 31, 2024).

(2)Write-off due to cancellation of contracts.

Lessee, Operating Leases, Expenses Recognised in Profit or Loss [Table Text Block ]

The amounts recognized are set out below:


	06/30/2025	06/30/2024
Expenses relating to short-term assets	1,589	2,578
Expenses relating to low-value assets	34	1,376
	1,623	3,954