Ultrapar Participações (UGP) Financial Statements & Analysis

Ultrapar Participações (UGP) Income Statement

Ultrapar Participações reported revenue of BRL 142.37B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 6.6% from BRL 133.50B a year earlier. Net income was BRL 2.45B, up 3.9% year over year, a net margin of 1.7%. Gross margin was 6.6% and operating margin 3.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was BRL 41.52B, up 21.9% from the same quarter a year earlier.

Ultrapar Participações Income Statement Analysis

Values in billions BRL

Income Statement Balance Sheet Cash Flow Ratios

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Ultrapar Participações S.A. income statement - Annual data in billions BRL
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	142.37	133.50	126.05	143.63	109.73	74.06	83.00	90.70	80.01
Cost of Revenue	133.01	123.81	116.73	136.28	104.83	70.06	78.21	84.54	72.74
Gross Profit	9.36	9.69	9.32	7.36	4.90	4.00	4.80	6.16	7.27
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06	0.06
Selling, General & Administrative	4.77	4.37	4.27	3.68	3.40	2.68	2.94	4.30	4.46
Operating Expenses	4.51	4.80	4.97	4.20	3.12	2.68	2.74	3.95	4.22
Operating Income	4.85	4.89	4.35	3.16	1.79	1.32	2.05	1.90	2.87
Other Income/Expense
Interest Income	1.54	0.75	0.78	0.55	0.41	0.35	0.11	0.63	0.58
Interest Expense	2.41	1.37	1.63	1.59	0.83	-0.78	0.25	0.87	1.06
Other Income/Expense	-0.06	-0.21	0.13	-0.27	-0.78	-0.05	-0.69	-0.13	-0.45
Income
Income Before Tax	3.81	4.01	3.58	1.88	1.01	0.95	1.37	1.77	2.41
Income Tax Expense	1.06	1.49	1.06	0.34	0.19	0.30	0.47	0.64	0.84
Net Income	2.45	2.36	2.44	1.80	0.85	0.89	0.37	1.15	1.57
Net Income - Continuous Operations	2.75	2.53	2.52	1.54	0.85	0.89	0.37	1.15	1.57
Net Income - Discontinued Operations	-0.21	-	-	0.30	0.07	-	-	-	-
EBITDA	7.81	6.59	6.36	4.50	2.76	2.03	3.19	3.58	4.18
EBIT	6.22	5.38	5.20	3.47	1.83	1.32	-	-	-
Depreciation & Amortization	1.59	1.21	1.15	1.03	0.92	0.71	0.77	0.81	0.70
Earnings Per Share
Basic EPS	2.00	2.00	2.00	2.00	1.00	1.00	-	-	1.00
Diluted EPS	2.00	2.00	2.00	2.00	1.00	1.00	-	-	1.00
Basic Shares Outstanding	1.07	1.10	1.10	1.09	1.09	1.09	2.36	2.36	1.08
Diluted Shares Outstanding	1.10	1.12	1.10	1.10	1.10	1.10	2.36	2.36	1.09

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ultrapar Participações Financial Statements

What was Ultrapar Participações's revenue in fiscal 2025?

Ultrapar Participações reported revenue of BRL 142.37B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 6.6% from BRL 133.50B a year earlier.

Is Ultrapar Participações profitable?

Yes. Ultrapar Participações earned net income of BRL 2.45B in fiscal 2025, a net margin of 1.7%. In fiscal 2024 it earned BRL 2.36B.

What is Ultrapar Participações's operating margin?

Ultrapar Participações's operating income was BRL 4.85B on revenue of BRL 142.37B in fiscal 2025, an operating margin of 3.4%, compared with 3.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition