Ultrapar Participações S.A. (UGP) — Financial statements
Income statement, balance sheet, and cash flow for Ultrapar Participações S.A. — annual and quarterly history with growth and margin analysis.
| Metric (BRL Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 142,370↑6.6% | 133,499↑5.9% | 126,049↓12.2% | 143,635↑30.9% | 109,733 | |
| Cost of Revenue | 133,011↑6.5% | 124,883↑7.0% | 116,730↓14.3% | 136,276↑30.0% | 104,828 | |
| Gross Profit | 9,359↑8.6% | 8,616↓7.5% | 9,318↑26.6% | 7,358↑50.0% | 4,905 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 2,249↑20.2% | 1,872↓7.2% | 2,018↑31.5% | 1,534↑4.6% | 1,467 | |
| Selling & Marketing Expenses | 2,518↑0.7% | 2,500↑10.9% | 2,253↑5.2% | 2,142↑10.9% | 1,932 | |
| SG&A Expenses | 4,767↑9.1% | 4,372↑2.3% | 4,271↑16.2% | 3,676↑8.2% | 3,398 | |
| Other Expenses | -261↑68.5% | -829↓272.4% | 481↑39.3% | 345↑223.1% | -280 | |
| Operating Expenses | 4,506↑27.2% | 3,543↓25.5% | 4,752↑18.2% | 4,022↑29.0% | 3,118 | |
| Total Costs & Expenses | 137,517↑7.1% | 128,426↑5.7% | 121,483↓13.4% | 140,298↑30.0% | 107,946 | |
| Operating Results | ||||||
| Operating Income | 4,853↓4.3% | 5,073↑11.1% | 4,566↑36.8% | 3,337↑86.7% | 1,787 | |
| Depreciation & Amortization | 1,586↑30.8% | 1,213↑5.0% | 1,155↑12.4% | 1,027↑11.6% | 921 | |
| EBITDA | 7,806↑54.2% | 5,063↓20.4% | 6,359↑41.3% | 4,500↑63.3% | 2,755 | |
| EBIT | 6,219↑62.4% | 3,830↓26.2% | 5,192↑49.5% | 3,473↑89.3% | 1,834 | |
| Interest & Other Income | ||||||
| Net Interest Income | -871↓39.5% | -624↑37.1% | -992↑4.7% | -1,041↓151.1% | -415 | |
| Interest Income | 1,537↑106.2% | 745↑17.8% | 633↑14.7% | 552↑33.6% | 413 | |
| Interest Expense | 2,407↑75.8% | 1,370↓15.7% | 1,625↑2.0% | 1,593↑92.5% | 828 | |
| Non-Operating Income | -1,366↓209.9% | 1,243↑298.6% | -626↓359.3% | -136↓187.1% | -47 | |
| Other Income / Expenses | -1,041↑1.9% | -1,062↓7.5% | -987↑32.2% | -1,457↓86.7% | -780 | |
| Income Before Tax | 3,812↓5.0% | 4,012↑12.1% | 3,579↑90.4% | 1,880↑86.7% | 1,007 | |
| Income Tax Expense | 1,064↓28.4% | 1,486↑40.0% | 1,061↑210.7% | 342↑81.6% | 188 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,748↑8.8% | 2,526↑0.3% | 2,518↑63.7% | 1,538↑87.9% | 819 | |
| Net Income from Discontinued Operations | -206 | 0.00 | 0.00↓100.0% | 302↑362.5% | 65 | |
| Net Income | 2,454↑3.9% | 2,363↓3.2% | 2,440↑35.5% | 1,801↑111.7% | 850 | |
| Bottom-Line Net Income | 2,454↑3.9% | 2,363↓3.2% | 2,440↑35.5% | 1,801↑111.7% | 850 | |
| EPS (Basic) | 2.25↑5.1% | 2.14↓3.2% | 2.21↑33.9% | 1.65↑111.5% | 0.78 | |
| EPS (Diluted) | 2.19↑3.8% | 2.11↓4.5% | 2.21↑34.8% | 1.64↑110.3% | 0.78 | |
| Weighted Average Shares | 1,072↓4.1% | 1,118↑1.1% | 1,105↑1.2% | 1,092↑0.1% | 1,091 | |
| Weighted Average Diluted Shares | 1,095↓2.0% | 1,118↑1.1% | 1,105↑0.6% | 1,099↑0.2% | 1,097 | |
* All figures in Millions of BRL, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.