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Statement of cash flows, indirect method (Statement) - BRL (R$)
R$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from (used in) operating activities    
Profit (loss) R$ 11,360,131 R$ (3,545,485)
Adjustments to reconcile profit (loss)    
Depreciation, depletion and amortization 5,169,036 3,943,188
Depreciation, right-of-use assets 167,650 167,592
Interest expense on lease liabilities 230,308 222,185
Result from sale and disposal of property, plant and equipment, intangible and biological assets, net 124,099 124,424
Income (expense) from associates and joint ventures 189,082 3,514
Exchange rate and monetary variations, net (8,193,085) 8,186,657
Interest expenses on financing, loans and debentures 2,859,388 2,545,932
Adjustments for finance costs (126,119) (802,515)
Accrual of interest on marketable securities (516,596) (645,445)
Amortization of transaction costs, premium and discounts 48,174 39,616
Derivative financial instruments, net (6,352,505) 4,524,878
Gain (loss) on fair value adjustments 73,248 (539,003)
Deferred income tax and social contribution 5,584,692 (3,872,570)
Interest on actuarial liabilities and cost of current service 39,644 37,926
Provision for judicial liabilities, net (36,641) 53,680
Provision (reversal) for doubtful accounts, net 45,541 (3)
Provision (reversal) for inventory losses, net 13,794 14,714
Provision (reversal) for loss of ICMS credits, net 83,940 (21,447)
Other 33,854 28,560
Trade accounts receivable 896,134 422,445
Inventories (402,359) (667,502)
Recoverable taxes (216,650) (74,202)
Other assets (94,065) (33,736)
Trade accounts payable 405,235 257,598
Taxes payable 313,913 224,019
Payroll and charges (370,336) (56,148)
Other liabilities (210,178) (86,269)
Cash generated from operations 11,119,329 10,452,603
Payment of interest on financing, loans and debentures (2,887,340) (2,529,991)
Capitalized loan costs paid 126,119 802,515
Interest received on marketable securities 582,826 570,829
Payment of income taxes (182,669) (173,287)
Cash provided by operating activities 8,758,265 9,122,669
Additions to property, plant and equipment (2,618,399) (5,025,174)
Additions to intangible (22,079) (84,566)
Purchase of biological assets (3,642,430) (3,459,209)
Proceeds from sales of property, plant and equipment and biological assets 78,458 88,179
Capital increase in affiliates (7,339) (27,319)
Marketable securities, net 4,794,845 (894,973)
Advances for acquisition of wood from operations with development and partnerships (124,640) (183,995)
Dividends received 8,835
Cash used in investing activities (1,532,749) (9,587,057)
Proceeds from loans, financing and debentures 12,661,193 10,934,280
Proceeds from derivative transactions 279,281 (682,787)
Payment of loans, financing and debentures (13,338,107) (8,921,182)
Payment of leases (713,779) (633,211)
Payment of interest on own capital and dividends (2,208,154) (1,318,418)
Shares repurchased (191,918) (309,952)
Cash used by financing activities (3,511,484) (931,270)
EXCHANGE VARIATION ON CASH AND CASH EQUIVALENTS (449,261) 296,285
Increase (Decrease) in cash and cash equivalents, net 3,264,771 (1,099,373)
At the beginning of the period 9,018,818 8,345,871
At the end of the period R$ 12,283,589 R$ 7,246,498