Ultrapar Participações S.A. (BVMF:UGPA3)
Brazil · Delayed Price · Currency is BRL 32.04
+1.55 (5.08%)
Aug 13, 2026, 5:05 PM GMT-3
Ultrapar Participações Cash Flow Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Net Income | 3,457 | 2,454 | 2,363 | 2,440 | 1,801 | 850.46 |
Depreciation & Amortization | 1,929 | 1,802 | 1,545 | 1,569 | 1,378 | 990.33 |
Other Amortization | 374.76 | 253.81 | 222.49 | 192.98 | 154.12 | 206.03 |
Loss (Gain) From Sale of Assets | 54.85 | -110.26 | -207.08 | -192.74 | -322.19 | -184.19 |
Loss (Gain) From Sale of Investments | 1.61 | -89.49 | 2.49 | - | - | - |
Loss (Gain) on Equity Investments | 87.78 | 156 | 127.18 | -11.91 | -12.18 | 17.63 |
Stock-Based Compensation | 77.32 | 40.56 | 57.46 | 38.91 | 9.94 | 9.36 |
Provision & Write-off of Bad Debts | - | - | - | - | -49.99 | -3.12 |
Other Operating Activities | 3,160 | 1,979 | 2,239 | 1,662 | 723.89 | 699.39 |
Change in Accounts Receivable | -571.03 | -185.61 | 180.34 | 259.88 | -779.24 | -956.78 |
Change in Inventory | -1,415 | -151.28 | 371.24 | 645.3 | -1,005 | -1,627 |
Change in Accounts Payable | 3,805 | -31.82 | -1,210 | -1,700 | 1,558 | 2,426 |
Change in Income Taxes | -819.8 | -1,112 | -1,666 | -1,226 | -2,066 | -814.4 |
Change in Other Net Operating Assets | 251.63 | 416.62 | -289.85 | 173.73 | 583.37 | -10.42 |
Operating Cash Flow | 10,402 | 5,453 | 3,736 | 3,850 | 2,005 | 2,586 |
Operating Cash Flow Growth | 163.18% | 45.96% | -2.97% | 92.04% | -22.48% | -17.59% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -1,925 | -2,005 | -1,787 | -1,287 | -929.24 | -1,028 |
Cash Acquisitions | 58 | 1,214 | 0.52 | - | -5.99 | - |
Sale (Purchase) of Intangibles | - | - | - | - | -277.6 | -237.49 |
Investment in Securities | -3,238 | -2,019 | -4,601 | 265.78 | 4,380 | 2,161 |
Other Investing Activities | 3.62 | -34.95 | - | - | 4,736 | -171.3 |
Investing Cash Flow | -5,137 | -2,846 | -6,388 | -1,022 | 7,903 | 724.14 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | 8,669 | 4,180 | 2,903 | 1,520 | 1,384 |
Long-Term Debt Repaid | - | -5,615 | -3,152 | -3,363 | -6,200 | -2,731 |
Net Debt Issued (Repaid) | 955.9 | 3,054 | 1,028 | -460.02 | -4,680 | -1,348 |
Repurchase of Common Stock | -37.24 | -266.95 | -148.95 | - | - | - |
Common Dividends Paid | -1,684 | -2,172 | -833.66 | -400.03 | -638.28 | -705.75 |
Other Financing Activities | -2,690 | -2,085 | -1,279 | -1,634 | -1,592 | -1,302 |
Financing Cash Flow | -3,455 | -1,470 | -1,234 | -2,494 | -6,911 | -3,356 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | -74.4 | -44.98 | 32.38 | -29.95 | -43.34 | 52.01 |
Miscellaneous Cash Flow Adjustments | - | - | - | - | 387.98 | - |
Net Cash Flow | 1,736 | 1,092 | -3,854 | 303.92 | 3,342 | 6.56 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 8,478 | 3,447 | 1,948 | 2,562 | 1,075 | 1,558 |
Free Cash Flow Growth | 326.40% | 76.93% | -23.96% | 138.27% | -30.95% | -34.76% |
Free Cash Flow Margin | 5.53% | 2.42% | 1.46% | 2.03% | 0.75% | 1.42% |
Free Cash Flow Per Share | 7.80 | 3.15 | 1.74 | 2.32 | 0.98 | 1.42 |
Levered Free Cash Flow | 6,002 | 1,854 | 834.44 | 1,680 | 8,831 | -6,981 |
Unlevered Free Cash Flow | 7,585 | 3,359 | 1,690 | 2,696 | 9,826 | -6,464 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 Interest Paid | 645.98 | - | - | 145.59 | 1,405 | 749.06 |
Cash Income Tax Paid | 307.86 | 124.08 | 308.92 | 268.56 | 283.33 | 230.04 |
Change in Working Capital | 1,250 | -1,064 | -2,614 | -1,848 | -1,708 | -982.45 |