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Statement of cash flows, indirect method (Statement) - BRL (R$)
R$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from (used in) operating activities    
Profit (loss) R$ 13,321,518 R$ (308,134)
Adjustments to reconcile profit (loss)    
Depreciation, depletion and amortization 7,948,316 6,159,860
Depreciation, right-of-use assets 277,901 254,186
Interest expense on lease liabilities 347,320 335,223
Result from sale and disposal of property, plant and equipment, intangible and biological assets, net 272,228 132,693
Income (expense) from associates and joint ventures 268,350 14,842
Exchange rate and monetary variations, net (9,527,069) 6,955,278
Interest expenses on financing, loans and debentures 4,399,815 3,943,303
Adjustments for finance costs (205,409) (883,401)
Amortization of transaction costs, premium and discounts 75,916 57,716
Derivative financial instruments, net (7,431,622) 3,742,426
Premium expenses on early settlements 89,026
Accrual of interest on marketable securities (769,940) (959,196)
Gain (loss) on fair value adjustments 73,248 (539,003)
Deferred income tax and social contribution 6,482,713 (2,703,195)
Interest on actuarial liabilities and cost of current service 59,466 56,888
Provision for judicial liabilities, net (41,620) 94,152
Provision (reversal) for doubtful accounts, net 103,502 (875)
Provision (reversal) for inventory losses, net 24,031 19,796
Provision (reversal) for loss of ICMS credits, net 151,669 47,809
Other 65,633 17,260
Trade accounts receivable 1,876,639 232,660
Inventories (730,937) (1,037,125)
Recoverable taxes (334,268) (261,306)
Other assets (128,619) (16,100)
Trade accounts payable 101,422 1,083,029
Taxes payable 287,155 428,622
Payroll and charges (164,546) 126,439
Other liabilities (201,628) (82,403)
Cash generated from operations 16,690,210 16,911,444
Payment of interest on financing, loans and debentures (4,753,232) (4,397,301)
Capitalized loan costs paid 205,409 883,401
Premium expenses on early settlements paid (89,026)  
Interest received on marketable securities 969,141 1,267,991
Payment of income taxes (229,980) (263,982)
Cash provided by operating activities 12,792,522 14,401,553
Additions to property, plant and equipment (3,424,570) (7,176,256)
Additions to intangible (59,574) (142,765)
Purchase of biological assets (6,281,750) (5,357,563)
Proceeds from sales of property, plant and equipment and biological assets 114,236 112,928
Capital increase in affiliates (21,979) (37,264)
Marketable securities, net 5,093,946 1,720,146
Advances for acquisition of wood from operations with development and partnerships (224,669) (281,441)
Dividends received 8,835
Asset acquisition (2,143,821)
Acquisition of other investments 9,392 1,440,503
Net cash from acquisition of subsidiaries 19,113
Cash used in investing activities (4,804,917) (14,727,426)
Proceeds from loans, financing and debentures 22,324,556 12,113,151
Proceeds from derivative transactions 370,789 (352,273)
Payment of loans, financing and debentures (19,600,013) (9,131,344)
Payment of leases (1,059,908) (946,205)
Payment of interest on own capital and dividends (2,208,158) (1,318,320)
Liabilities for assets acquisitions and subsidiaries (20,668) (58,467)
Shares repurchased (191,918) (2,806,764)
Cash used by financing activities (385,320) (2,500,222)
EXCHANGE VARIATION ON CASH AND CASH EQUIVALENTS (782,237) 298,255
Increase (Decrease) in cash and cash equivalents, net 6,820,048 (2,527,840)
At the beginning of the period 9,018,818 8,345,871
At the end of the period R$ 15,838,866 R$ 5,818,031