Ultrapar (NYSE: UGP) financial statements
The consolidated income statement, balance sheet and cash flow statement of Ultrapar for its last 10 fiscal years, as filed with the regulator, in millions of Brazilian reais. At the end of fiscal 2025 it had BRL 49,349m in total assets and BRL 15,666m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 142,370m | BRL 133,499m | BRL 126,049m | BRL 143,635m | BRL 109,733m | BRL 74,058m | BRL 83,005m | BRL 90,698m | BRL 79,230m | BRL 76,740m |
| Cost of sales | BRL 133,011m | BRL 123,812m | BRL 116,730m | BRL 136,276m | BRL 104,828m | BRL 70,056m | BRL 78,209m | BRL 84,537m | BRL 72,431m | BRL 70,197m |
| Gross profit | BRL 9,359m | BRL 9,687m | BRL 9,318m | BRL 7,358m | BRL 4,905m | BRL 4,002m | BRL 4,796m | BRL 6,161m | BRL 6,799m | BRL 6,543m |
| Operating profit | BRL 6,066m | BRL 5,247m | BRL 5,061m | BRL 3,345m | BRL 1,724m | BRL 1,611m | BRL 1,825m | BRL 2,566m | BRL 59.4m | BRL 199.0m |
| Finance costs | BRL 2,254m | BRL 1,236m | BRL 1,482m | BRL 1,465m | BRL 410.4m | BRL 337.3m | BRL 460.0m | BRL 794.8m | BRL 1,059m | BRL 1,356m |
| Profit before tax | BRL 3,812m | BRL 4,012m | BRL 3,579m | BRL 1,880m | BRL 1,007m | BRL 951.6m | BRL 1,365m | BRL 1,771m | BRL 2,339m | BRL 2,235m |
| Income tax | BRL 1,064m | BRL 1,486m | BRL 1,061m | BRL 341.5m | BRL 188.0m | BRL 304.5m | BRL 470.0m | — | BRL 922.5m | BRL 800.5m |
| Net profit | BRL 2,454m | BRL 2,363m | BRL 2,440m | BRL 1,801m | BRL 850.5m | BRL 893.4m | BRL 373.5m | BRL 1,150m | BRL 1,527m | BRL 1,538m |
| Earnings per share | BRL 2.29 | BRL 2.14 | BRL 2.23 | BRL 1.65 | BRL 0.78 | BRL 0.82 | BRL 0.34 | BRL 1.06 | BRL 1.41 | BRL 1.42 |
| Diluted earnings per share | BRL 2.24 | BRL 2.11 | BRL 2.21 | BRL 1.64 | BRL 0.78 | BRL 0.82 | BRL 0.34 | BRL 1.05 | BRL 1.40 | BRL 1.41 |
| Depreciation and amortisation | BRL 1,202m | BRL 861.1m | BRL 840.4m | BRL 732.2m | BRL 653.1m | BRL 595.5m | BRL 551.8m | BRL 812.5m | BRL 704.5m | BRL 628.2m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 49,349m | BRL 39,558m | BRL 38,252m | BRL 36,441m | BRL 39,010m | BRL 36,250m | BRL 31,195m | BRL 30,499m | BRL 28,284m | BRL 24,160m |
| Current assets | BRL 19,176m | BRL 16,048m | BRL 18,649m | BRL 18,565m | BRL 25,024m | BRL 17,489m | BRL 15,058m | BRL 16,212m | BRL 15,490m | BRL 13,012m |
| Inventories | BRL 4,244m | BRL 3,917m | BRL 4,291m | BRL 4,906m | BRL 3,919m | BRL 3,846m | BRL 3,716m | BRL 3,355m | BRL 3,514m | BRL 2,761m |
| Property, plant and equipment | BRL 12,167m | BRL 7,136m | BRL 6,388m | BRL 5,862m | BRL 5,535m | BRL 8,006m | BRL 7,573m | BRL 7,279m | BRL 6,638m | BRL 5,796m |
| Cash | BRL 3,175m | BRL 2,072m | BRL 5,926m | BRL 5,622m | BRL 2,280m | BRL 2,661m | BRL 2,115m | BRL 3,939m | BRL 5,002m | BRL 4,274m |
| Current liabilities | BRL 11,847m | BRL 10,493m | BRL 11,230m | BRL 12,766m | BRL 12,640m | BRL 9,241m | BRL 5,195m | BRL 6,337m | BRL 7,010m | BRL 5,487m |
| Equity | BRL 15,666m | BRL 15,159m | BRL 13,506m | BRL 11,709m | BRL 10,067m | BRL 9,534m | BRL 9,458m | BRL 9,448m | BRL 9,246m | BRL 8,528m |
| Equity including minorities | BRL 17,731m | BRL 15,823m | BRL 14,030m | BRL 12,175m | BRL 10,469m | BRL 9,910m | BRL 9,835m | BRL 9,800m | BRL 9,624m | BRL 8,476m |
| Minority interests | BRL 2,064m | BRL 664.7m | BRL 523.3m | BRL 466.2m | BRL 402.3m | BRL 376.5m | BRL 376.9m | BRL 351.9m | BRL 377.8m | BRL 30.9m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | BRL 5,453m | BRL 3,736m | BRL 3,850m | BRL 2,005m | BRL 2,586m | BRL 3,138m | BRL 2,925m | BRL 2,889m | BRL 1,739m | BRL 1,989m |
| Investing cash flow | −BRL 2,846m | −BRL 6,388m | −BRL 1,022m | BRL 7,903m | BRL 724.1m | −BRL 2,136m | −BRL 1,835m | −BRL 3,178m | −BRL 1,372m | −BRL 1,324m |
| Financing cash flow | −BRL 1,470m | −BRL 1,234m | −BRL 2,494m | −BRL 6,911m | −BRL 3,356m | −BRL 592.3m | −BRL 2,922m | −BRL 801.0m | BRL 340.3m | BRL 928.4m |
| Capital expenditure | — | — | −BRL 1,013m | −BRL 929.2m | −BRL 1,028m | −BRL 750.6m | −BRL 720.8m | −BRL 1,178m | −BRL 1,302m | −BRL 1,034m |
| Dividends paid | −BRL 326.0m | −BRL 276.0m | −BRL 273.8m | −BRL 430.0m | −BRL 478.4m | −BRL 710.2m | −BRL 596.4m | −BRL 163.7m | −BRL 165.5m | −BRL 157.2m |
Where each figure comes from
From the annual report (Form 20-F) that Ultrapar files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Ultrapar page.
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Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.