Ultrapar Participacoes SA
SWB:UGR

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Ultrapar Participacoes SA Logo
Ultrapar Participacoes SA
SWB:UGR
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Price: 3.28 EUR 1.86%
Market Cap: 1.7B EUR

Income Statement

Earnings Waterfall
Ultrapar Participacoes SA

Revenue
138.1B BRL
Cost of Revenue
-128.3B BRL
Gross Profit
9.8B BRL
Operating Expenses
-4.3B BRL
Operating Income
5.5B BRL
Other Expenses
-2.5B BRL
Net Income
2.9B BRL

Income Statement
Ultrapar Participacoes SA

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Income Statement
Currency: BRL
Sep-2001 Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
221
0
0
0
329
0
0
0
399
31
192
327
463
562
539
551
0
408
383
338
433
407
403
432
485
555
623
719
729
815
857
924
979
1 056
1 117
1 104
1 159
1 210
1 190
1 177
1 062
976
938
910
885
923
934
952
1 004
966
923
892
768
735
817
748
828
960
1 149
1 357
1 593
1 767
1 668
1 754
1 625
1 553
1 548
1 471
1 370
1 446
0
Revenue
2 268
N/A
2 285
+1%
2 355
+3%
2 464
+5%
2 679
+9%
2 995
+12%
3 349
+12%
3 608
+8%
3 838
+6%
4 000
+4%
4 117
+3%
4 378
+6%
4 634
+6%
4 784
+3%
4 870
+2%
4 878
+0%
4 788
-2%
4 694
-2%
4 655
-1%
4 650
0%
4 716
+1%
4 794
+2%
4 870
+2%
9 854
+102%
14 722
+49%
19 921
+35%
24 674
+24%
25 485
+3%
27 061
+6%
28 268
+4%
28 750
+2%
31 378
+9%
33 290
+6%
36 116
+8%
39 626
+10%
40 389
+2%
41 649
+3%
42 482
+2%
43 355
+2%
45 159
+4%
47 157
+4%
48 661
+3%
50 245
+3%
51 096
+2%
52 298
+2%
53 919
+3%
55 078
+2%
57 244
+4%
59 043
+3%
60 940
+3%
63 288
+4%
64 751
+2%
66 141
+2%
67 736
+2%
69 193
+2%
71 037
+3%
72 898
+3%
75 655
+4%
77 776
+3%
78 563
+1%
78 847
+0%
77 353
-2%
76 373
-1%
76 071
0%
76 968
+1%
79 230
+3%
81 437
+3%
85 087
+4%
88 579
+4%
90 698
+2%
90 687
0%
89 733
-1%
89 102
-1%
89 298
+0%
89 946
+1%
84 129
-6%
81 688
-3%
74 058
-9%
74 701
+1%
87 350
+17%
98 500
+13%
109 733
+11%
117 286
+7%
125 639
+7%
133 023
+6%
143 635
+8%
142 683
-1%
135 396
-5%
128 585
-5%
126 049
-2%
125 893
0%
128 644
+2%
131 518
+2%
133 499
+2%
136 432
+2%
138 143
+1%
Gross Profit
Cost of Revenue
(1 742)
(1 698)
(1 750)
(1 842)
(2 004)
(2 247)
(2 542)
(2 774)
(3 008)
(3 196)
(3 289)
(3 451)
(3 606)
(3 670)
(3 715)
(3 759)
(3 771)
(3 783)
(3 805)
(3 815)
(3 835)
(3 860)
(3 913)
(8 656)
(13 310)
(18 224)
(22 734)
(23 535)
(25 056)
(26 152)
(26 601)
(29 028)
(30 755)
(33 412)
(36 768)
(37 409)
(38 582)
(39 323)
(40 064)
(41 826)
(43 704)
(45 140)
(46 651)
(47 347)
(48 394)
(49 797)
(50 813)
(52 826)
(54 441)
(56 165)
(58 304)
(59 627)
(60 912)
(62 305)
(63 451)
(65 052)
(66 632)
(68 934)
(70 918)
(71 555)
(71 707)
(70 343)
(69 523)
(69 454)
(70 156)
(72 431)
(74 673)
(78 324)
(82 169)
(84 537)
(84 603)
(83 703)
(83 074)
(83 187)
(83 870)
(78 408)
(75 951)
(70 056)
(70 868)
(83 074)
(94 063)
(104 828)
(112 627)
(120 624)
(128 221)
(136 276)
(135 082)
(127 974)
(119 885)
(116 730)
(116 226)
(118 542)
(121 998)
(123 812)
(126 665)
(128 336)
Gross Profit
527
N/A
586
+11%
605
+3%
622
+3%
675
+9%
747
+11%
806
+8%
833
+3%
829
0%
804
-3%
828
+3%
928
+12%
1 030
+11%
1 114
+8%
1 157
+4%
1 120
-3%
1 018
-9%
910
-11%
851
-6%
837
-2%
882
+5%
934
+6%
958
+3%
1 198
+25%
1 412
+18%
1 697
+20%
1 940
+14%
1 951
+1%
2 006
+3%
2 116
+5%
2 151
+2%
2 351
+9%
2 536
+8%
2 704
+7%
2 858
+6%
2 979
+4%
3 065
+3%
3 159
+3%
3 289
+4%
3 332
+1%
3 454
+4%
3 522
+2%
3 596
+2%
3 751
+4%
3 905
+4%
4 122
+6%
4 265
+3%
4 418
+4%
4 601
+4%
4 775
+4%
4 983
+4%
5 123
+3%
5 229
+2%
5 432
+4%
5 742
+6%
5 985
+4%
6 266
+5%
6 722
+7%
6 858
+2%
7 008
+2%
7 140
+2%
7 010
-2%
6 849
-2%
6 616
-3%
6 810
+3%
6 799
0%
6 762
-1%
6 761
0%
6 409
-5%
6 161
-4%
6 084
-1%
6 031
-1%
6 029
0%
6 111
+1%
6 076
-1%
5 722
-6%
5 737
+0%
4 002
-30%
3 832
-4%
4 277
+12%
4 437
+4%
4 905
+11%
4 659
-5%
5 015
+8%
4 802
-4%
7 358
+53%
7 601
+3%
7 422
-2%
8 700
+17%
9 318
+7%
9 667
+4%
10 103
+5%
9 520
-6%
9 687
+2%
9 767
+1%
9 807
+0%
Operating Income
Operating Expenses
(304)
(308)
(319)
(342)
(355)
(382)
(406)
(422)
(442)
(453)
(472)
(508)
(539)
(551)
(568)
(561)
(556)
(553)
(555)
(569)
(581)
(604)
(618)
(804)
(993)
(1 109)
(1 400)
(1 402)
(1 416)
(1 497)
(1 485)
(1 645)
(1 771)
(1 832)
(1 913)
(1 891)
(1 881)
(1 913)
(1 961)
(1 981)
(2 046)
(2 090)
(2 158)
(2 262)
(2 343)
(2 417)
(2 477)
(2 537)
(2 617)
(2 671)
(2 817)
(2 924)
(3 031)
(3 182)
(3 245)
(3 426)
(3 581)
(3 787)
(3 864)
(3 885)
(3 955)
(3 898)
(3 875)
(3 908)
(3 915)
(4 004)
(4 408)
(4 435)
(4 464)
(4 239)
(3 958)
(4 035)
(3 975)
(4 187)
(4 092)
(3 856)
(3 906)
(2 678)
(2 361)
(2 724)
(2 949)
(3 515)
(3 319)
(3 182)
(2 973)
(4 191)
(4 346)
(4 453)
(4 678)
(4 874)
(4 924)
(4 971)
(4 876)
(4 786)
(4 845)
(4 337)
Selling, General & Administrative
(314)
(252)
(326)
(340)
(354)
(301)
(407)
(422)
(443)
(357)
(480)
(514)
(544)
(431)
(569)
(563)
(558)
(425)
(549)
(564)
(577)
(482)
(620)
(809)
(997)
(995)
(1 391)
(1 388)
(1 404)
(1 137)
(1 419)
(1 565)
(1 681)
(1 526)
(1 906)
(1 901)
(1 901)
(1 762)
(1 972)
(2 002)
(2 072)
(1 939)
(2 212)
(2 318)
(2 411)
(2 495)
(2 557)
(2 623)
(2 712)
(2 769)
(2 919)
(3 027)
(3 127)
(3 289)
(3 241)
(3 264)
(3 413)
(3 838)
(3 681)
(3 745)
(3 681)
(3 557)
(3 669)
(3 786)
(3 911)
(3 994)
(4 076)
(4 129)
(4 161)
(4 212)
(4 227)
(4 274)
(4 241)
(3 610)
(4 065)
(3 672)
(3 429)
(2 722)
(1 893)
(2 381)
(2 888)
(3 538)
(3 228)
(3 000)
(2 598)
(3 676)
(3 800)
(3 839)
(4 068)
(4 271)
(4 316)
(4 481)
(4 446)
(4 372)
(4 482)
(4 512)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(62)
(14)
(29)
(45)
0
0
(33)
(32)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation & Amortization
0
(66)
0
0
0
(82)
0
0
0
(101)
0
0
0
(125)
0
0
0
(126)
0
0
0
(123)
0
0
0
(228)
0
0
0
(287)
0
0
0
(282)
0
0
0
(162)
0
0
0
(204)
0
0
0
0
0
0
0
0
0
0
0
0
(113)
(229)
0
0
(248)
(266)
(400)
(540)
(424)
(306)
(189)
(69)
(71)
(74)
(80)
(84)
(88)
(93)
(95)
(696)
(280)
(448)
(620)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
10
10
7
0
1
0
1
0
1
7
6
6
5
6
0
0
0
0
(5)
(4)
(3)
1
2
5
5
114
(8)
(12)
(12)
(72)
(67)
(82)
(91)
(24)
(6)
11
22
11
13
21
27
52
54
55
68
78
81
87
97
98
102
104
96
107
108
65
(168)
51
64
125
124
199
219
186
185
59
(259)
(231)
(223)
58
357
332
361
180
267
293
188
45
(468)
(310)
(29)
23
(91)
(183)
(376)
(515)
(545)
(615)
(611)
(603)
(607)
(490)
(430)
(414)
(363)
175
Operating Income
222
N/A
279
+26%
286
+3%
280
-2%
320
+14%
366
+14%
401
+10%
412
+3%
388
-6%
351
-10%
355
+1%
418
+18%
489
+17%
563
+15%
588
+4%
559
-5%
462
-17%
358
-23%
296
-17%
267
-10%
300
+12%
330
+10%
338
+2%
393
+16%
418
+6%
588
+41%
541
-8%
550
+2%
590
+7%
619
+5%
664
+7%
704
+6%
764
+9%
872
+14%
947
+9%
1 090
+15%
1 187
+9%
1 245
+5%
1 329
+7%
1 353
+2%
1 408
+4%
1 431
+2%
1 437
+0%
1 486
+3%
1 560
+5%
1 705
+9%
1 787
+5%
1 881
+5%
1 985
+6%
2 104
+6%
2 167
+3%
2 200
+2%
2 198
0%
2 250
+2%
2 497
+11%
2 559
+2%
2 685
+5%
2 934
+9%
2 994
+2%
3 124
+4%
3 186
+2%
3 112
-2%
2 976
-4%
2 709
-9%
2 896
+7%
2 795
-3%
2 355
-16%
2 326
-1%
1 945
-16%
1 921
-1%
2 125
+11%
1 996
-6%
2 054
+3%
1 924
-6%
1 984
+3%
1 866
-6%
1 831
-2%
1 324
-28%
1 471
+11%
1 553
+6%
1 488
-4%
1 390
-7%
1 340
-4%
1 832
+37%
1 829
0%
3 167
+73%
3 256
+3%
2 969
-9%
4 022
+35%
4 444
+11%
4 743
+7%
5 132
+8%
4 645
-9%
4 901
+6%
4 923
+0%
5 471
+11%
Pre-Tax Income
Interest Income Expense
7
2
2
4
8
(2)
4
7
9
52
53
28
13
94
15
30
30
2
1
1
1
1
1
0
0
(221)
(19)
(20)
(38)
(74)
(102)
(176)
(213)
(235)
(189)
(226)
(224)
(208)
(275)
(233)
(245)
(265)
(297)
(304)
(285)
(233)
(228)
(224)
(259)
(294)
(336)
(368)
(451)
(430)
(529)
(541)
(647)
(638)
(670)
(726)
(631)
(714)
(668)
(568)
(497)
(387)
(348)
(408)
(372)
(263)
(201)
(162)
(234)
(441)
(597)
(566)
(549)
(524)
(533)
(464)
(624)
(671)
(761)
(1 200)
(1 238)
(1 487)
(1 463)
(1 222)
(1 103)
(694)
(778)
(809)
(715)
(1 035)
(1 081)
(655)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
10
16
0
13
4
9
79
82
87
85
21
17
11
7
4
11
23
22
40
42
33
38
37
53
55
51
27
5
1
(4)
(6)
(12)
(4)
(5)
(2)
2
(6)
(8)
(22)
(22)
(19)
(14)
(623)
(614)
(601)
(582)
222
92
(152)
(117)
397
414
700
693
169
197
181
144
122
106
103
123
172
140
119
Total Other Income
(212)
(48)
(42)
(19)
(29)
(16)
(29)
(62)
(50)
(56)
(59)
(51)
(57)
(61)
(50)
(57)
(43)
(29)
(10)
19
11
12
(8)
(47)
(67)
9
(95)
(66)
(23)
11
5
4
(8)
20
(81)
(35)
(43)
(56)
18
(28)
(32)
(31)
5
(2)
(1)
(30)
(30)
(45)
(44)
(49)
(62)
(37)
25
(32)
0
(10)
(31)
(76)
(81)
(117)
(173)
(121)
(62)
(53)
(41)
(66)
(100)
0
19
134
177
110
72
(78)
(96)
(125)
(133)
(70)
(84)
(60)
(44)
(109)
(85)
(136)
(126)
30
116
151
67
(293)
(194)
(163)
(61)
(27)
(24)
(134)
Pre-Tax Income
17
N/A
233
+1 271%
247
+6%
266
+8%
300
+13%
348
+16%
376
+8%
357
-5%
347
-3%
347
N/A
349
+1%
396
+13%
446
+13%
596
+34%
553
-7%
532
-4%
449
-16%
331
-26%
289
-13%
288
0%
313
+9%
343
+10%
333
-3%
347
+4%
352
+1%
376
+7%
426
+13%
464
+9%
529
+14%
556
+5%
570
+3%
542
-5%
559
+3%
657
+18%
689
+5%
833
+21%
929
+12%
1 060
+14%
1 155
+9%
1 179
+2%
1 215
+3%
1 156
-5%
1 162
+1%
1 191
+2%
1 281
+8%
1 447
+13%
1 538
+6%
1 634
+6%
1 704
+4%
1 801
+6%
1 811
+1%
1 828
+1%
1 809
-1%
1 825
+1%
2 021
+11%
2 062
+2%
2 058
0%
2 247
+9%
2 249
+0%
2 282
+1%
2 378
+4%
2 271
-5%
2 233
-2%
2 084
-7%
2 353
+13%
2 339
-1%
1 908
-18%
1 911
+0%
1 584
-17%
1 771
+12%
2 080
+17%
1 925
-7%
1 878
-2%
782
-58%
677
-13%
574
-15%
567
-1%
952
+68%
946
-1%
877
-7%
702
-20%
1 007
+43%
908
-10%
1 197
+32%
1 157
-3%
1 880
+62%
2 106
+12%
2 079
-1%
3 129
+51%
3 579
+14%
3 877
+8%
4 263
+10%
3 992
-6%
4 012
+0%
3 958
-1%
4 800
+21%
Net Income
Tax Provision
16
(28)
(36)
(42)
(64)
(71)
(78)
(79)
(72)
(97)
(96)
(83)
(79)
(177)
(95)
(97)
(77)
(29)
(30)
(30)
(34)
(56)
(66)
(82)
(99)
(86)
(82)
(93)
(110)
(152)
(165)
(162)
(182)
(187)
(206)
(246)
(260)
(295)
(318)
(320)
(337)
(301)
(310)
(320)
(344)
(429)
(457)
(503)
(535)
(573)
(579)
(578)
(559)
(573)
(633)
(645)
(671)
(734)
(735)
(732)
(746)
(700)
(695)
(676)
(780)
(813)
(665)
(664)
(559)
(639)
(777)
(743)
(712)
(379)
(348)
(315)
(338)
(305)
(278)
(277)
(5)
(188)
(110)
17
(138)
(342)
(411)
(542)
(882)
(1 061)
(1 178)
(1 311)
(1 233)
(1 486)
(1 524)
(1 686)
Income from Continuing Operations
34
205
210
223
236
277
298
278
274
250
254
315
369
420
458
434
370
302
258
257
279
287
267
266
254
290
345
371
420
404
406
381
376
470
483
586
669
765
836
859
879
855
853
872
938
1 018
1 082
1 132
1 169
1 229
1 232
1 249
1 250
1 251
1 389
1 419
1 389
1 513
1 515
1 551
1 632
1 571
1 538
1 408
1 573
1 526
1 244
1 248
1 026
1 132
1 302
1 182
1 166
403
329
259
229
647
668
600
697
819
798
1 213
1 019
1 538
1 695
1 537
2 248
2 518
2 699
2 952
2 759
2 526
2 434
3 114
Income to Minority Interest
(8)
(73)
(74)
(85)
(72)
(55)
(16)
13
20
(4)
(4)
(3)
(3)
(5)
(5)
(5)
(4)
(3)
(3)
(3)
(3)
(5)
(5)
(51)
(102)
(101)
(101)
(55)
(5)
(4)
(5)
(5)
(4)
(4)
1
1
0
0
(4)
(5)
(5)
(6)
(6)
(5)
(5)
(7)
(7)
(8)
(8)
(4)
(4)
(4)
(5)
(10)
(9)
(10)
(10)
(10)
(12)
(12)
(12)
(9)
(8)
(6)
(3)
1
4
6
10
18
8
(5)
(18)
(29)
(29)
(25)
(28)
(34)
(32)
(35)
(29)
(33)
(37)
(31)
(36)
(39)
(42)
(60)
(77)
(78)
(90)
(119)
(139)
(163)
(170)
(158)
Equity Earnings Affiliates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
41
N/A
132
+222%
136
+3%
139
+2%
165
+19%
222
+35%
284
+28%
293
+3%
296
+1%
246
-17%
250
+2%
310
+24%
364
+17%
414
+14%
453
+9%
431
-5%
368
-15%
299
-19%
256
-14%
254
-1%
276
+9%
282
+2%
262
-7%
211
-19%
147
-30%
182
+24%
235
+29%
308
+31%
405
+31%
390
-4%
392
+1%
369
-6%
368
0%
467
+27%
483
+3%
587
+22%
669
+14%
765
+14%
832
+9%
854
+3%
874
+2%
849
-3%
846
0%
866
+2%
932
+8%
1 011
+8%
1 075
+6%
1 124
+5%
1 160
+3%
1 225
+6%
1 227
+0%
1 244
+1%
1 245
+0%
1 242
0%
1 379
+11%
1 409
+2%
1 379
-2%
1 503
+9%
1 504
+0%
1 539
+2%
1 620
+5%
1 562
-4%
1 529
-2%
1 401
-8%
1 569
+12%
1 527
-3%
1 249
-18%
1 255
+0%
1 037
-17%
1 150
+11%
1 311
+14%
1 177
-10%
1 148
-3%
374
-67%
301
-19%
233
-22%
201
-14%
893
+345%
865
-3%
793
-8%
896
+13%
850
-5%
1 171
+38%
1 654
+41%
1 358
-18%
1 801
+33%
1 611
-11%
1 372
-15%
2 163
+58%
2 440
+13%
2 609
+7%
2 833
+9%
2 620
-8%
2 363
-10%
2 264
-4%
2 935
+30%
EPS (Diluted)
0.09
N/A
0.27
+200%
0.28
+4%
0.29
+4%
0.34
+17%
0.39
+15%
0.46
+18%
0.45
-2%
0.46
+2%
0.38
-17%
0.39
+3%
0.49
+26%
0.57
+16%
0.65
+14%
0.71
+9%
0.67
-6%
0.57
-15%
0.46
-19%
0.39
-15%
0.39
N/A
0.43
+10%
0.43
N/A
0.41
-5%
0.33
-20%
0.23
-30%
0.17
-26%
0.21
+24%
0.3
+43%
0.37
+23%
0.36
-3%
0.36
N/A
0.34
-6%
0.34
N/A
0.44
+29%
0.45
+2%
0.55
+22%
0.63
+15%
0.71
+13%
0.78
+10%
0.8
+3%
0.82
+2%
0.79
-4%
0.8
+1%
0.82
+2%
0.88
+7%
0.94
+7%
1.01
+7%
1.05
+4%
1.08
+3%
1.14
+6%
1.14
N/A
1.15
+1%
1.15
N/A
1.13
-2%
1.26
+12%
1.29
+2%
1.26
-2%
1.37
+9%
1.37
N/A
1.4
+2%
1.48
+6%
1.43
-3%
1.4
-2%
1.29
-8%
1.44
+12%
1.4
-3%
1.15
-18%
1.15
N/A
0.95
-17%
1.05
+11%
0.61
-42%
1.07
+75%
1.05
-2%
0.34
-68%
0.28
-18%
0.21
-25%
0.18
-14%
0.81
+350%
0.79
-2%
0.72
-9%
0.81
+13%
0.77
-5%
1.06
+38%
1.5
+42%
1.23
-18%
1.63
+33%
1.45
-11%
1.24
-14%
1.97
+59%
2.21
+12%
2.36
+7%
2.53
+7%
2.36
-7%
2.11
-11%
2.03
-4%
2.64
+30%