Suzano S.A. (SUZ) Income Statement
SUZ 2025 at a glance
Fiscal year ended December 31, 2025 · Brazilian reaisSUZ revenue and net income
Where SUZ's revenue goes
2025Each bar shows an amount and its share of revenue. SUZ kept 26.8% of revenue as net income.
SUZ profit margins
SUZ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.6% | −0.5% | +10.0% | +17.0% |
| Gross profit | −23.6% | −15.1% | +5.9% | +14.2% |
| Operating income | −28.6% | −20.4% | +5.8% | +13.8% |
| Net income | — | −17.5% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SUZ income statement in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$49.13B | R$47.40B | R$39.76B | R$49.83B | R$40.97B | R$30.46B | R$26.01B | R$13.44B | R$10.52B | R$9.88B |
| Cost of revenue | R$33.85B | R$27.40B | R$25.08B | R$24.82B | R$20.62B | R$18.97B | R$20.74B | R$6.92B | R$6.45B | R$6.57B |
| Gross profit | R$15.28B | R$20.00B | R$14.68B | R$25.01B | R$20.35B | R$11.49B | R$5.27B | R$6.52B | R$4.07B | R$3.31B |
| Research & development | — | — | — | — | — | — | R$0 | R$0 | R$0 | R$0 |
| Sales, general & admin | R$2.79B | R$2.81B | R$2.09B | R$1.85B | R$1.69B | R$2.63B | R$1.15B | R$1.38B | R$603.7M | R$805.7M |
| Total operating expenses | R$4.08B | R$4.31B | R$2.46B | R$2.79B | R$2.17B | R$3.05B | R$2.64B | R$1.52B | R$767.5M | R$918.5M |
| Operating income | R$11.21B | R$15.69B | R$12.22B | R$22.22B | R$18.18B | R$8.44B | R$2.63B | R$5.01B | R$3.26B | R$1.32B |
| Interest income | R$10.50B | R$1.60B | R$1.39B | R$967.0M | R$205.6M | R$327.5M | R$6.01B | R$4.44B | R$856.2M | R$1.24B |
| Interest expense | R$6.54B | R$4.90B | R$4.08B | R$4.59B | R$3.75B | R$857.0M | R$1.06B | R$1.20B | R$1.14B | R$762.7M |
| Income before taxes | R$20.01B | −R$13.11B | R$18.00B | R$28.66B | R$8.83B | −R$17.64B | −R$4.10B | R$165.3M | R$2.24B | R$2.42B |
| Income taxes | R$6.84B | −R$6.07B | R$3.89B | R$5.26B | R$197.4M | −R$6.93B | −R$1.28B | −R$154.5M | R$431.6M | R$726.2M |
| Net income | R$13.14B | −R$7.07B | R$14.08B | R$23.38B | R$8.63B | −R$10.72B | −R$2.82B | R$319.7M | R$1.81B | R$1.69B |
| EBITDA | R$22.28B | R$23.81B | R$29.40B | R$40.18B | R$19.67B | −R$7.13B | R$7.59B | R$2.76B | R$4.54B | R$3.75B |
| Gross margin | 31.1% | 42.2% | 36.9% | 50.2% | 49.7% | 37.7% | 20.3% | 48.5% | 38.7% | 33.5% |
| Operating margin | 22.8% | 33.1% | 30.7% | 44.6% | 44.4% | 27.7% | 10.1% | 37.3% | 31.0% | 13.3% |
| Net margin | 26.8% | −14.9% | 35.4% | 46.9% | 21.1% | −35.2% | −10.8% | 2.4% | 17.2% | 17.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$11.85B | R$10.97B | R$13.31B | R$12.15B | R$13.30B | R$11.55B | R$14.18B | R$12.27B | R$11.49B | R$9.46B | R$9.46B | R$8.95B |
| Cost of revenue | R$9.14B | R$7.81B | R$9.39B | R$8.45B | R$8.61B | R$7.73B | R$8.76B | R$6.85B | R$6.09B | R$5.70B | R$5.86B | R$6.10B |
| Gross profit | R$2.71B | R$3.16B | R$3.92B | R$3.70B | R$4.69B | R$3.82B | R$5.42B | R$5.43B | R$5.40B | R$3.76B | R$3.60B | R$2.84B |
| Sales, general & admin | R$556.62B | R$1.16B | R$804.2M | R$1.51B | R$1.49B | R$1.43B | R$992.4M | R$1.30B | R$557.8M | R$883.1M | R$541.3M | R$1.14B |
| Total operating expenses | R$898.6M | R$1.33B | R$1.20B | R$1.73B | R$1.64B | R$1.56B | R$1.00B | R$1.32B | R$787.3M | R$1.21B | R$667.7M | R$1.16B |
| Operating income | R$1.81B | R$1.83B | R$2.72B | R$1.97B | R$3.05B | R$2.26B | R$4.42B | R$4.11B | R$4.61B | R$2.55B | R$2.93B | R$1.68B |
| Interest income | R$1.52B | R$464.4M | R$3.20B | R$1.30B | R$383.3M | R$7.86B | R$385.7M | R$420.9M | R$456.9M | R$409.2M | R$565.4M | R$613.9M |
| Interest expense | R$1.74B | R$1.51B | R$1.72B | R$1.70B | R$1.61B | R$1.48B | R$1.51B | R$1.57B | R$1.15B | R$228.3M | R$963.1M | R$1.18B |
| Income before taxes | R$2.84B | R$6.39B | R$136.5M | R$3.02B | R$7.30B | R$9.96B | −R$2.33B | R$4.98B | −R$6.46B | −R$487.8M | −R$477.9M | −R$1.81B |
| Income taxes | R$992.8M | R$2.08B | R$18.6M | R$1.06B | R$2.29B | R$3.61B | R$4.40B | R$1.74B | −R$2.69B | −R$707.9M | −R$707.9M | −R$1.08B |
| Net income | R$1.84B | R$4.31B | R$110.9M | R$1.95B | R$5.01B | R$6.34B | −R$6.74B | R$3.22B | −R$3.77B | R$215.4M | R$215.4M | −R$733.0M |
| EBITDA | R$4.86B | R$10.71B | R$5.84B | R$7.62B | R$11.75B | R$4.84B | R$6.40B | R$8.85B | −R$3.18B | R$2.46B | R$4.91B | R$1.30B |
| Gross margin | 22.9% | 28.8% | 29.4% | 30.4% | 35.3% | 33.1% | 38.2% | 44.2% | 47.0% | 39.7% | 38.0% | 31.8% |
| Operating margin | 15.3% | 16.7% | 20.4% | 16.2% | 22.9% | 19.6% | 31.1% | 33.5% | 40.1% | 27.0% | 31.0% | 18.8% |
| Net margin | 15.5% | 39.3% | 0.8% | 16.1% | 37.7% | 54.9% | −47.6% | 26.3% | −32.8% | 2.3% | 2.3% | −8.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported in SUZ's financial statements (latest annual report filed March 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SUZ financial results
In fiscal year 2025 (ended December 31, 2025), Suzano reported revenue of R$49.1 billion, up 3.6% from the year before. It had net income of R$13.1 billion, a net profit margin of 26.8%. Over five years revenue grew at an average rate of 10.0% a year. Figures are in Brazilian reais, the currency of its financial statements.
See the SUZ stock overview for the latest quote and news, or the SUZ chart for price history and technical indicators.
SUZ income statement FAQ
What is Suzano's annual revenue?
Suzano reported total revenue of R$49.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.6% from R$47.4 billion the previous year.
Is Suzano profitable?
Yes. Suzano reported net income of R$13.1 billion in fiscal 2025, a net profit margin of 26.8%; its operating margin was 22.8%.
What is Suzano's gross margin?
Suzano's gross margin was 31.1% in fiscal 2025: for every $100 of revenue, Suzano kept $31 after the direct cost of its products and services.
How fast is Suzano growing?
Revenue grew 10.0% a year on average over the last five fiscal years, from R$30.5 billion to R$49.1 billion.
When will Suzano report its next earnings?
Suzano is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Suzano's fiscal year end?
Suzano's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 24, 2026.