Ultrapar Participações Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	3,861	3,175	2,072	5,926	5,622	2,280
Short-Term Investments	3,298	3,852	2,307	292.93	520.35	1,804
Cash & Short-Term Investments	7,159	7,027	4,379	6,219	6,142	4,084
Cash Growth	161.51%	60.48%	-29.59%	1.25%	50.39%	-46.92%
Accounts Receivable	4,758	4,277	4,052	5,351	4,894	3,958
Other Receivables	2,637	2,298	2,490	1,901	1,885	1,409
Receivables	7,395	6,575	6,542	7,252	6,779	5,367
Inventory	4,546	4,244	3,917	4,291	4,906	3,919
Prepaid Expenses	233.2	165.39	163.85	99.92	123.7	98.02
Other Current Assets	1,463	1,165	1,046	787.21	614.11	11,556
Total Current Assets	20,796	19,176	16,048	18,649	18,565	25,024
Property, Plant & Equipment	13,949	14,074	8,762	8,067	7,636	7,172
Long-Term Investments	2,288	2,649	3,447	1,112	554.23	457.87
Goodwill	1,538	1,485	1,875	1,102	917.78	818.1
Other Intangible Assets	3,557	3,468	2,399	3,086	2,592	2,177
Long-Term Accounts Receivable	778.95	834.21	793.05	563.86	1,475	479.22
Long-Term Deferred Tax Assets	1,039	1,007	936.94	1,255	898.24	571.76
Other Long-Term Assets	6,216	6,550	5,249	4,386	3,804	2,310
Total Assets	50,217	49,349	39,558	38,252	36,441	39,010
Accounts Payable	4,463	4,647	4,533	5,722	7,378	5,790
Accrued Expenses	732.1	832.67	655.61	1,429	948.11	580.36
Short-Term Debt	-	-	-	-	-	55.74
Current Portion of Long-Term Debt	4,360	4,251	3,479	1,993	3,361	2,810
Current Portion of Leases	308.11	343.73	316.46	311.43	225.03	188.83
Current Income Taxes Payable	503.14	358.69	322.07	551.79	315.05	196.35
Other Current Liabilities	2,114	1,414	1,187	1,222	539.53	3,019
Total Current Liabilities	12,479	11,847	10,493	11,230	12,766	12,640
Long-Term Debt	15,068	15,842	10,382	9,778	8,393	13,515
Long-Term Leases	1,386	1,396	1,169	1,213	1,299	1,159
Pension & Post-Retirement Benefits	196.84	196.55	198.78	241.21	193.75	194.64
Long-Term Deferred Tax Liabilities	664.59	637.9	132.83	0.21	0.3	0.28
Other Long-Term Liabilities	1,912	1,699	1,359	1,761	1,614	1,031
Total Liabilities	31,707	31,618	23,735	24,222	24,266	28,541
Common Stock	7,987	7,987	6,622	6,622	5,172	5,172
Additional Paid-In Capital	617.08	617.01	612.05	597.83	599.46	596.48
Retained Earnings	8,542	7,662	8,195	6,524	6,189	4,866
Treasury Stock	-821.49	-822.53	-596.4	-470.51	-479.67	-488.43
Comprehensive Income & Other	145.76	222.29	326.1	233.84	227.94	-79.3
Total Common Equity	16,470	15,666	15,159	13,506	11,709	10,067
Minority Interest	2,039	2,064	664.73	523.33	466.23	402.32
Shareholders' Equity	18,510	17,731	15,823	14,030	12,175	10,469
Total Liabilities & Equity	50,217	49,349	39,558	38,252	36,441	39,010
Total Debt	21,122	21,833	15,346	13,295	13,278	17,729
Net Cash (Debt)	-13,964	-14,806	-10,967	-7,076	-7,136	-13,645
Net Cash Per Share	-12.80	-13.52	-9.81	-6.40	-6.49	-12.44
Filing Date Shares Outstanding	1,069	1,069	1,082	1,090	1,089	1,091
Total Common Shares Outstanding	1,069	1,069	1,082	1,090	1,089	1,091
Working Capital	8,316	7,329	5,555	7,419	5,798	12,384
Book Value Per Share	15.41	14.66	14.01	12.40	10.75	9.22
Tangible Book Value	11,375	10,714	10,885	9,319	8,199	7,071
Tangible Book Value Per Share	10.64	10.02	10.06	8.55	7.53	6.48
Land	802.37	801.43	609.62	607.15	618.97	610.15
Buildings	2,639	2,601	1,745	1,647	1,533	1,487
Machinery	9,482	9,346	7,897	7,795	7,228	7,056
Construction In Progress	1,464	1,496	1,348	783.5	694.73	452.25
Leasehold Improvements	1,754	1,720	1,415	1,293	1,169	1,056

Source: S&P Global Market Intelligence. Standard template. Financial Sources.