| Assets | — | — | — | — |
| Non-current assets | — | — | — | — |
| Property, plant and equipment | 2,805,983a | 1,927,759a | 1,606,339a | 2,771a |
| Goodwill | 22,576a | 22,576a | 28,288a | 1,308,688a |
| Other intangible assets | 15,443a | 10,026a | 6,792a | 13,961a |
| Right-of-use assets | 105,333a | 61,025a | 26,228a | 46,096a |
| Biological assets | 10,027a | | | 315,013a |
| Investments in associates | 11,906a | 8,619a | | 375,070a |
| Accounts receivable and other receivables | 205,268a | 136,351a | | 1,683,758a |
| Deferred tax assets | 3,565a | 5,743a | | 586,706a |
| Total non-current assets | 3,180,101a | 2,172,099a | | |
| Current assets | — | — | — | — |
| Inventories | 6,469a | 7,549a | | 31,601a |
| Accounts receivable and other receivables | 281,495a | 205,102a | | |
| Cash, banks and current investments | 764,307a | 213,253a | | -5,976a |
| Total current assets | 1,052,271a | 425,904a | | -47,072a |
| Total assets | 4,232,372a | 2,598,003a | | 565,259a |
| Equity and liabilities | — | — | — | — |
| Equity | — | — | — | — |
| Share capital | 398,064a | 517,874a | | 29,657a |
| Other equity instruments | 32,144a | 32,144a | | 447,751a |
| Legal reserve | 8,233a | 8,233a | | 2,544a |
| Share-based payments | 45,628a | 42,476a | | 7,822a |
| Share repurchase reserve | 129,324a | 79,324a | | 50,159a |
| Accumulated other comprehensive income | -11,057a | -4,427a | | 732,761a |
| Accumulated earnings (losses) | 1,018,877a | 571,391a | | 2,880a |
| Total equity | 1,621,213a | 1,247,015a | | 7,666a |
| Liabilities | — | — | — | — |
| Non-current liabilities | — | — | — | — |
| Deferred tax liabilities | 64,398a | 383,128a | | 44,625a |
| Lease liabilities | 37,638a | 35,600a | | 11,372a |
| Provisions | 33,058a | 12,339a | | 138,482a |
| Financial debt | 1,402,343a | 554,832a | | 385,738a |
| Employee benefits | 15,968a | 5,703a | | 1,118,499a |
| Total non-current liabilities | 1,553,405a | 991,602a | | 1,683,758a |
| Current liabilities | — | — | — | — |
| Provisions | 3,910a | 4,133a | | |
| Lease liabilities | 58,022a | 34,868a | | |
| Financial debt | 46,224a | 61,223a | | |
| Salaries and social contributions | 32,656a | 17,555a | | |
| Income tax | 382,041a | 3a | | |
| Other taxes and royalties | 47,715a | 36,549a | | |
| Accounts payable and other accounts payable | 487,186a | 205,055a | | |
| Total current liabilities | 1,057,754a | 359,386a | | |
| Total liabilities | 2,611,159a | 1,350,988a | | |
| Total equity and liabilities | 4,232,372a | 2,598,003a | | |
| Investments in associates | | | 6,443a | |
| Accounts receivable and other receivables | | | 15,864a | |
| Deferred tax assets | | | 335a | |
| Total non-current assets | | | 1,690,289a | |
| Inventories | | | 12,899a | |
| Accounts receivable and other receivables | | | 90,406a | |
| Cash, banks and current investments | | | 244,385a | |
| Total current assets | | | 347,690a | |
| Total assets | | | 2,037,979a | |
| Share capital | | | 517,873a | |
| Other equity instruments | | | 32,144a | |
| Legal reserve | | | 2,603a | |
| Share-based payments | | | 40,744a | |
| Share repurchase reserve | | | 49,465a | |
| Accumulated other comprehensive income | | | -8,694a | |
| Accumulated earnings (losses) | | | 209,925a | |
| Total equity | | | 844,060a | |
| Deferred tax liabilities | | | 243,411a | |
| Lease liabilities | | | 20,644a | |
| Provisions | | | 31,668a | |
| Loans | | | 477,601a | |
| Optional notes | | | | |
| Employee benefits | | | 12,251a | |
| Accounts payable and other accounts payable | | | | |
| Total non-current liabilities | | | 785,575a | |
| Provisions | | | 2,848a | |
| Lease liabilities | | | 8,550a | |
| Loans | | | 71,731a | |
| Salaries and social contributions | | | 25,120a | |
| Income tax | | | 58,770a | |
| Other taxes and royalties | | | 20,312a | |
| Accounts payable and other accounts payable | | | 221,013a | |
| Total current liabilities | | | 408,344a | |
| Total liabilities | | | 1,193,919a | |
| Total equity and liabilities | | | 2,037,979a | |