Ultrapar Participacoes SA ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Ultrapar Participacoes SA ADR reported revenue of $142.4B (+6.6% year on year) and net income of $2.7B (+8.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net revenue from sales and services | $142.4B | $133.5B | $126.0B | $143.6B |
| Cost of products and services sold | ($133.0B) | ($123.8B) | ($116.7B) | ($136.3B) |
| Gross profit | $9.4B | $9.7B | $9.3B | $7.4B |
| Selling and marketing | ($2.5B) | ($2.5B) | ($2.3B) | ($2.1B) |
| General and administrative | ($2.2B) | ($1.9B) | ($2.0B) | ($1.5B) |
| Results from disposal of assets | $99.6M | $171.8M | $121.9M | $169.3M |
| Other operating income (expenses), net | $354.7M | ($414.1M) | ($602.9M) | ($514.5M) |
| Operating result before share of profit (loss) of subsidiaries, joint ventures and associates, financial result and income and social contribution taxes | $5.0B | — | — | — |
| Share of profit (loss) of subsidiaries, joint ventures and associates | ($156.0M) | ($127.2M) | — | — |
| Amortization of fair value adjustments on associates acquisition | ($1.6M) | ($2.5M) | — | — |
| Gain on acquisition of control of associate | $91.1M | — | — | — |
| Total share of profit (loss) of subsidiaries, joint ventures and associates | ($66.5M) | ($129.7M) | $11.9M | $12.2M |
| Income before financial result and income and social contribution taxes | $5.0B | $4.9B | $4.6B | $3.3B |
| Financial income | $1.6B | $881.1M | $880.9M | $706.7M |
| Financial expenses | ($2.7B) | ($1.8B) | ($1.9B) | ($2.2B) |
| Financial result, net | ($1.2B) | ($931.9M) | ($999.1M) | ($1.5B) |
| Income before income and social contribution taxes | $3.8B | $4.0B | $3.6B | $1.9B |
| Current | ($1.1B) | ($1.1B) | ($1.4B) | ($638.0M) |
| Deferred | ($8.9M) | ($361.0M) | $335.4M | $296.5M |
| Income and social contribution taxes in the statement of income | ($1.1B) | ($1.5B) | ($1.1B) | ($341.5M) |
| Net income from continuing operations | $2.7B | $2.5B | $2.5B | $1.5B |
| Net income (loss) from discontinued operations | ($206.3M) | $0 | $0 | $301.9M |
| Net income for the year | $2.5B | $2.5B | $2.5B | $1.8B |
| Shareholders of Ultrapar | $2.5B | $2.4B | $2.4B | $1.8B |
| Non-controlling interests in subsidiaries | $88.1M | $163.2M | $78.0M | $39.2M |
| Basic | $2.40 | $2.14 | $2.23 | $1.37 |
| Diluted | $2.35 | $2.11 | $2.21 | $1.36 |
| Basic | -$0.11 | $0.00 | $0.00 | $0.28 |
| Diluted | -$0.11 | $0.00 | $0.00 | $0.27 |
| Basic | $2.29 | $2.14 | $2.23 | $1.65 |
| Diluted | $2.24 | $2.11 | $2.21 | $1.64 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $3.2B | $2.1B | $5.9B | $5.6B |
| Financial investments | $3.9B | — | — | — |
| Derivative financial instruments | $127.3M | — | — | — |
| Trade receivables | $3.7B | $3.5B | $3.9B | $4.1B |
| Reseller financing | $573.1M | $512.0M | $504.9M | $559.8M |
| Inventories | $4.2B | $3.9B | $4.3B | $4.9B |
| Recoverable taxes | $1.7B | $2.0B | $1.5B | $1.6B |
| Recoverable income and social contribution taxes | $318.0M | $151.9M | $171.1M | $96.1M |
| Energy trading futures contracts | $371.2M | $141.3M | — | — |
| Dividends receivable | $923.0K | $3.4M | $3.6M | $4.3M |
| Other receivables and other assets | $294.1M | $294.8M | $263.8M | $174.2M |
| Prepaid expenses | $165.4M | $163.8M | $99.9M | $123.7M |
| Contractual assets with customers - exclusivity rights | $666.1M | $658.6M | $787.2M | $614.1M |
| Total current assets | $19.2B | $16.0B | $18.6B | $18.6B |
| Financial investments | $2.4B | — | — | — |
| Derivative financial instruments | $773.1M | — | — | — |
| Trade receivables | $33.3M | $27.0M | $13.2M | $61.5M |
| Reseller financing | $800.9M | $766.0M | $550.6M | $501.5M |
| Related parties | $105.2M | $48.3M | $31.9M | $0 |
| Deferred income and social contribution taxes | $1.0B | $936.9M | $1.3B | $898.2M |
| Recoverable taxes | $3.7B | $2.7B | $2.7B | $2.2B |
| Recoverable income and social contribution taxes | $346.1M | $346.1M | $225.4M | $403.4M |
| Energy trading futures contracts | $724.1M | $263.4M | — | — |
| Escrow deposits | $471.6M | $446.1M | $1.0B | $946.4M |
| Indemnification asset - business combination | $92.5M | $126.1M | $124.9M | $126.6M |
| Other receivables and other assets | $185.7M | $114.5M | $155.8M | — |
| Prepaid expenses | $80.6M | $40.9M | $73.4M | $74.8M |
| Contractual assets with customers - exclusivity rights | $1.5B | $1.5B | $1.5B | $1.6B |
| Investments in subsidiaries, joint ventures and associates | $521.4M | $2.1B | $318.4M | $111.4M |
| Right-of-use assets, net | $1.9B | $1.7B | $1.7B | $1.8B |
| Property, plant and equipment, net | $12.2B | $7.1B | $6.4B | $5.9B |
| Intangible assets, net | $3.3B | $1.9B | $2.6B | $1.9B |
| Total non-current assets | $30.2B | $23.5B | $19.6B | $17.9B |
| Total assets | $49.3B | $39.6B | $38.3B | $36.4B |
| Trade payables | $4.6B | $3.5B | $4.7B | $4.7B |
| Trade payables - reverse factoring | $3.8M | $1.0B | $1.0B | $2.7B |
| Loans, financing and debentures | $4.3B | — | — | — |
| Derivative financial instruments | $246.1M | — | — | — |
| Salaries and related charges | $576.7M | $480.3M | $494.8M | $460.9M |
| Taxes payable | $236.9M | $151.2M | $168.7M | $192.4M |
| Energy trading futures contracts | $303.5M | $66.7M | — | — |
| Dividends payable | $23.1M | $327.5M | $334.6M | $48.5M |
| Income and social contribution taxes payable | $358.7M | $322.1M | $551.8M | $315.1M |
| Post-employment benefits | $19.1M | $24.1M | $23.6M | $21.8M |
| Provisions for tax, civil and labor risks | $49.2M | $47.8M | $45.8M | $22.8M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income from continuing operations | $2.7B | $2.5B | $2.5B | $1.5B |
| Share of profit (loss) of subsidiaries, joint ventures and associates and amortization of fair value adjustments on associates acquisition | $157.6M | $129.7M | — | — |
| Amortization of contractual assets with customers - exclusivity rights | $469.8M | $555.1M | $607.4M | $504.9M |
| Amortization of right-of-use assets | $367.1M | $312.1M | $305.9M | $288.4M |
| Depreciation and amortization | $1.2B | $900.7M | $848.9M | $732.2M |
| Interest, monetary variations and foreign exchange variations | $1.5B | $1.6B | $1.3B | — |
| Current and deferred income and social contribution taxes | $1.1B | $1.5B | — | — |
| Gain (loss) on disposal or write-off of assets | ($110.3M) | ($207.1M) | ($192.7M) | ($322.2M) |
| Equity instrument granted | $40.6M | $57.5M | $38.9M | $9.9M |
| Gain (loss) on the fair value of energy contracts | ($71.1M) | ($64.3M) | — | — |
| Provision for decarbonization - CBIO | $370.8M | $584.4M | $740.3M | $638.5M |
| Revaluation of investment in associates | ($91.1M) | — | — | — |
| Provisions for tax, civil and labor risks | ($103.9M) | — | $193.0M | — |
| Other provisions and adjustments | ($18.4M) | ($16.1M) | ($201.0K) | $5.4M |
| Cash flows from operations before changes in working capital | $7.5B | $7.8B | $7.4B | $5.4B |
| Trade receivables and reseller financing | ($185.6M) | $180.3M | $259.9M | ($779.2M) |
| Inventories | ($151.3M) | $371.2M | $645.3M | ($1.0B) |
| Recoverable taxes | ($171.1M) | ($1.6B) | ($1.2B) | ($2.1B) |
| Dividends received from subsidiaries, associates and joint ventures | $11.1M | $2.0M | $12.0M | $146.0K |
| Other assets | $167.9M | ($114.5M) | ($87.8M) | ($224.4M) |
| Trade payables and trade payables - reverse factoring | ($31.8M) | ($1.2B) | ($1.7B) | $1.6B |
| Salaries and related charges | $47.6M | ($17.0M) | $31.0M | $130.6M |
| Taxes payable | $9.0M | ($23.5M) | ($25.0M) | ($9.4M) |
| Income and social contribution taxes payable | ($949.4M) | — | — | — |
| Other liabilities | $189.9M | ($160.3M) | $218.5M | $677.0M |
| Acquisition of CBIO and carbon credits | ($370.5M) | ($713.5M) | ($778.9M) | ($635.1M) |
| Payments of contractual assets with customers - exclusivity rights | ($455.6M) | ($418.3M) | ($597.8M) | ($710.9M) |
| Payment of contingencies | ($78.5M) | ($30.9M) | ($70.1M) | ($84.9M) |
| Income and social contribution taxes paid | ($124.1M) | ($308.9M) | ($268.6M) | ($283.3M) |
| Net cash provided by continuing operating activities | $5.4B | $3.7B | $3.8B | $2.0B |
| Net cash provided by discontinued operating activities | $30.2M | $0 | $0 | $30.6M |
| Net cash provided by operating activities | $5.5B | $3.7B | $3.8B | $2.0B |
| Financial investments, net of redemptions | ($1.5B) | ($4.2B) | $74.0M | $1.6B |
| Acquisition of property, plant and equipment and intangible assets | ($2.0B) | ($1.8B) | — | — |
| Sale of investments and other assets | $429.3M | — | — | — |
| Acquisition of investments and other assets | ($937.5M) | — | — | — |
| Cash acquired in business combination | $1.2B | — | ($265.5M) | ($6.0M) |
| Net cash consumed by continuing investing activities | ($2.8B) | ($6.4B) | ($1.0B) | $8.1B |
| Net cash consumed by discontinued investing activities | ($34.9M) | $0 | $0 | ($220.2M) |
| Net cash consumed by investing activities | ($2.8B) | ($6.4B) | ($1.0B) | $7.9B |
| Proceeds | $8.7B | $4.2B | $2.9B | $1.5B |
| Repayments | ($5.1B) | ($2.7B) | ($3.1B) | ($5.8B) |
| Interest and derivatives (paid) or received | ($1.9B) | ($1.1B) | ($1.3B) | ($1.4B) |
| Principal and interest paid | ($480.7M) | ($285.4M) | ($213.5M) | ($351.0M) |
| Dividends paid | ($2.2B) | ($833.7M) | ($400.0M) | ($638.3M) |
Ultrapar Participacoes SA ADR score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.