SAO PAULO, Aug 6 (Reuters) - Brazilian pulpmaker Suzano

posted on Wednesday a second-quarter core earnings

slightly above analysts estimates, while it also raised planned

investments for 2025 by about 7% after announcing a deal to swap

standing timber.

Core earnings, as measured by adjusted earnings before

interest, taxes, depreciation and amortization (EBITDA), stood

at 6.09 billion reais, down 3% but slightly above the 5.87

billion reais expected in an LSEG poll of analysts.

In a separate filing, Suzano also raised the estimated

capital expenditures (CAPEX) for the year to 13.3 billion reais,

from 12.4 billion reais previously.

The change, Suzano said, reflects an agreement with

Eldorado Brasil Celulose to exchange Eldorado's mature standing

timber for Suzano's immature timber.

The deal will also require Suzano to pay 1.32 billion

reais ($241.80 million) to Eldorado, it said.

Suzano's net profit in the second quarter came in at

5-billion-real ($915.90 million), reversing the

3.77-billion-real net loss posted a year earlier. Analysts

polled by LSEG expected a net profit of 3.97 billion reais.

Net revenue rose 16% from a year earlier to 13.3 billion

reais, beating the 12.8 billion reais expected by analysts.

($1 = 5.4591 reais)