UGP on NYSE

Ultrapar

Logo: Grupo Ultra, Public domain, via Wikimedia Commons4

Brazilian company

The Ultra Group is a Brazilian conglomerate operating in the industry segments of energy and logistics infrastructure through its subsidiaries Ipiranga, Ultragaz and Ultracargo. These subsidiaries are fully controlled by the holding company Ultrapar.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1937Founded1

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  • TickerUGP on NYSE1
  • Industrypetroleum industry1
  • HeadquartersSão Paulo1
  • Websitewww.ultra.com.br
  • Legal formS.A.1
  • Listed onNew York Stock Exchange (UGP), São Paulo Stock Exchange (UGPA3)1
  • Business addressAv Brigaderio Luiz Antonio 1343, 8 Andar Sao Paulo, Sp Brazil 01350-900, D55
  • Filer categoryLarge accelerated filer5

The Ultra Group is a Brazilian conglomerate operating in the industry segments of energy and logistics infrastructure through its subsidiaries Ipiranga, Ultragaz and Ultracargo. These subsidiaries are fully controlled by the holding company Ultrapar. The Group's shares are traded under the name Ultrapar on São Paulo (B3) and on New York (NYSE) stock exchanges.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.

Key numbers, fiscal 2024

7.3%Gross margin6
1.9%Net margin6
5.9%Revenue growth, 20246
16.0%Return on equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Ipiranga [member] brought in 90% of the revenue Ultrapar broke down this way in fiscal 2025.

  1. Ipiranga [member]127.6B BRL790%up 5% from 2024
  2. Ultragaz [member]12.3B BRL79%up 9% from 2024
  3. Hidrovias do Brasil1.6B BRL71%
  4. Ultracargo [member]1.0B BRL71%down 5% from 2024
  5. All other segments [member]9.1M BRL70%up 4% from 2024
Business segments by year
Business segments202320242025
Ipiranga [member]114.6B BRL121.3B BRL127.6B BRL
Ultragaz [member]10.7B BRL11.3B BRL12.3B BRL
Hidrovias do Brasil1.6B BRL
Ultracargo [member]1.0B BRL1.1B BRL1.0B BRL
All other segments [member]14.3M BRL8.7M BRL9.1M BRL

Regions

BRMember brought in 98% of the revenue Ultrapar broke down this way in fiscal 2025.

  1. BRMember139.8B BRL798%up 6% from 2024
  2. Oceania768.4M BRL71%
  3. United States Of America And Canada [member]729.5M BRL71%up 7% from 2024
  4. Other Latin American Countries [member]527.3M BRL70%up 160% from 2024
  5. Europe267.4M BRL70%up 427% from 2024
  6. Others Regions254.3M BRL70%up 1% from 2024
Regions by year
Regions202320242025
BRMember124.4B BRL132.3B BRL139.8B BRL
Oceania0 BRL768.4M BRL
United States Of America And Canada [member]1.1B BRL681.1M BRL729.5M BRL
Other Latin American Countries [member]204.3M BRL202.9M BRL527.3M BRL
Europe202.7M BRL50.7M BRL267.4M BRL
Others Regions156.8M BRL252.5M BRL254.3M BRL

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs98¢131.0B BRL
  • Profit2¢2.5B BRL

Out of 133.5B BRL in revenue.6

Where each dollar of operating cash went, fiscal 2024

  • Kept or used elsewhere100¢3.7B BRL

Out of 3.7B BRL of cash from operations.6

Financial statements

Revenue8910116133.5B BRL in 2024+47% since 2018
050.0B BRL100.0B BRL150.0B BRL2018: 90.7B BRL90.7B BRL20182019: 83.0B BRL83.0B BRL2019−8%2020: 74.1B BRL74.1B BRL2020−11%2021: 109.7B BRL109.7B BRL2021+48%2022: 143.6B BRL143.6B BRL2022+31%2023: 126.0B BRL126.0B BRL2023−12%2024: 133.5B BRL133.5B BRL2024+6%
Gross profit89101169.7B BRL in 2024+57% since 2018
02.5B BRL5.0B BRL7.5B BRL10.0B BRL2018: 6.2B BRL6.2B BRL20182019: 4.8B BRL4.8B BRL2019−22%2020: 4.0B BRL4.0B BRL2020−17%2021: 4.9B BRL4.9B BRL2021+23%2022: 7.4B BRL7.4B BRL2022+50%2023: 9.3B BRL9.3B BRL2023+27%2024: 9.7B BRL9.7B BRL2024+4%
Net income89101162.5B BRL in 2024+123% since 2018
01.0B BRL2.0B BRL3.0B BRL2018: 1.1B BRL1.1B BRL20182019: 402.9M BRL402.9M BRL2019−64%2020: 927.7M BRL927.7M BRL2020+130%2021: 883.9M BRL883.9M BRL2021−5%2022: 1.8B BRL1.8B BRL2022+108%2023: 2.5B BRL2.5B BRL2023+37%2024: 2.5B BRL2.5B BRL2024+0%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Net revenue from sales and services142.4B BRL133.5B BRL126.0B BRL
Cost of products and services sold-133.0B BRL-123.8B BRL-116.7B BRL
Gross profit9.4B BRL9.7B BRL9.3B BRL
Selling and marketing-2.5B BRL-2.5B BRL-2.3B BRL
General and administrative-2.2B BRL-1.9B BRL-2.0B BRL
Results from disposal of assets99.6M BRL171.8M BRL121.9M BRL
Other operating income (expenses), net354.7M BRL-414.1M BRL-602.9M BRL
Operating result before share of profit (loss) of subsidiaries, joint ventures and associates, financial result and income and social contribution taxes5.0B BRL5.1B BRL4.6B BRL
Share of profit (loss) of subsidiaries, joint ventures and associates-156.0M BRL-127.2M BRL11.9M BRL
Amortization of fair value adjustments on associates acquisition-1.6M BRL-2.5M BRL0 BRL
Gain on acquisition of control of associate91.1M BRL0 BRL0 BRL
Total share of profit (loss) of subsidiaries, joint ventures and associates-66.5M BRL-129.7M BRL11.9M BRL
Income before financial result and income and social contribution taxes5.0B BRL4.9B BRL4.6B BRL
Financial income1.6B BRL881.1M BRL880.9M BRL
Financial expenses-2.7B BRL-1.8B BRL-1.9B BRL
Financial result, net-1.2B BRL-931.9M BRL-999.1M BRL
Income before income and social contribution taxes3.8B BRL4.0B BRL3.6B BRL
Current-1.1B BRL-1.1B BRL-1.4B BRL
Deferred-8.9M BRL-361.0M BRL335.4M BRL
Income and social contribution taxes in the statement of income-1.1B BRL-1.5B BRL-1.1B BRL
Net income from continuing operations2.7B BRL2.5B BRL2.5B BRL
Net income (loss) from discontinued operations-206.3M BRL0 BRL0 BRL
Net income for the year2.5B BRL2.5B BRL2.5B BRL
Shareholders of Ultrapar2.5B BRL2.4B BRL2.4B BRL
Non-controlling interests in subsidiaries88.1M BRL163.2M BRL78.0M BRL
Basic2.40 BRL2.14 BRL2.23 BRL
Diluted2.35 BRL2.11 BRL2.21 BRL
Basic-0.11 BRL0.00 BRL0.00 BRL
Diluted-0.11 BRL0.00 BRL0.00 BRL
Basic2.29 BRL2.14 BRL2.23 BRL
Diluted2.24 BRL2.11 BRL2.21 BRL

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The story

Founded by Ernesto Igel in 1937.1

Leadership

Who has led Ultrapar, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • fuel

Listed on Wikidata.1

Subsidiaries and ownership

Parent company

  • Extrafarma
  • Petroleo Ipiranga
  • Ultracargo
  • Ultragaz

Also owns

  • Extrafarma
  • Petroleo Ipiranga
  • Ultracargo
  • Ultragaz

From Wikidata.1

Former names

  • ULTRAPAR HOLDINGS INCOct 25, 2001 to Oct 14, 20265

Timeline

  1. Aug 26, 2011Went public Listed on São Paulo Stock Exchange1
  2. 1937Founded Founded1

Recent filings

  1. Oct 14, 2026144
  2. Oct 2, 20266-K
  3. Sep 25, 20264
  4. Sep 25, 20264
  5. Sep 25, 20264
  6. Sep 23, 20264
  7. Sep 18, 20264/A
  8. Sep 18, 20264
  9. Sep 14, 20264
  10. Sep 14, 20264
  11. Sep 3, 20264
  12. Aug 28, 20264
  13. Aug 13, 20266-K
  14. Aug 13, 20266-K
  15. Jun 23, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2