Ultra(US:UGP)2025-11-12 22:38Financial Performance - Consolidated net revenue from sales and services for the period ended September 30, 2025, reached R$ 104,418,160, an increase from R$ 98,097,521 in the same period of 2024, reflecting a growth of approximately 6.5%[21]. - Gross profit for the consolidated operations was R$ 6,766,914 for the nine months ended September 30, 2025, compared to R$ 6,451,475 for the same period in 2024, indicating a year-over-year increase of about 4.9%[21]. - Net income from continuing operations for the nine months ended September 30, 2025, was R$ 2,309,611, compared to R$ 1,645,081 for the same period in 2024, reflecting a growth of approximately 40.2%[21]. - The company reported a basic earnings per share of R$ 1.9671 for the nine months ended September 30, 2025, compared to R$ 1.3800 for the same period in 2024, an increase of about 42.5%[21]. - The company reported a significant increase in cash flow from operations, although specific figures were not provided in the content[18]. Assets and Liabilities - As of September 30, 2025, Ultrapar's consolidated total assets reached R$45,564,670, an increase from R$39,558,074 as of December 31, 2024, representing a growth of approximately 15.6%[18]. - The total non-current assets rose to R$29,267,638 from R$23,510,353, marking an increase of around 24.5%[18]. - Total current liabilities decreased from R$ 10,493,201 as of December 31, 2024, to R$ 8,909,887 as of September 30, 2025, representing a reduction of approximately 15.1%[19]. - Non-current liabilities increased significantly from R$ 13,241,429 as of December 31, 2024, to R$ 17,988,197 as of September 30, 2025, marking an increase of about 36.1%[19]. - The company’s total liabilities increased from R$ 39,558,074 as of December 31, 2024, to R$ 45,564,670 as of September 30, 2025, reflecting an increase of approximately 15.5%[19]. Equity and Shareholder Information - Total equity increased from R$ 15,823,444 as of December 31, 2024, to R$ 18,666,586 as of September 30, 2025, representing a growth of approximately 18.5%[19]. - Ultrapar's net income for the period attributable to shareholders reached R$ 709,188 thousand for the quarter ended September 30, 2025, compared to R$ 651,582 thousand for the same period in 2024, representing a 8.8% increase[23]. - The company declared interim dividends of R$ 0.30 per share, impacting retained earnings by R$ (326,005) thousand[25]. - The total share of dividends paid was R$ 1,681,986, indicating a significant cash outflow[101]. - The company approved dividends totaling R$ 493,301 (R$ 0.45 per share) on February 26, 2025, and interim dividends of R$ 326,005 (R$ 0.30 per share) on August 13, 2025[165][166]. Cash Flow and Investments - Cash flows from continuing operating activities rose significantly to R$3,044,069 thousand in 2025, up from R$1,504,981 thousand in 2024, marking a growth of 102.0%[29]. - The company reported a net cash consumed by continuing investing activities of R$563,413 thousand in 2025, compared to R$253,662 thousand in 2024, indicating an increase in investment activity[30]. - Loans, financing, and debentures proceeds amounted to R$4,960,091 thousand in 2025, compared to R$3,658,510 thousand in 2024, reflecting a rise of 35.6%[30]. - The company paid dividends totaling R$898,536 thousand in 2025, an increase from R$781,182 thousand in 2024, which is a growth of 15.0%[30]. - The company reported a significant increase in depreciation and amortization, totaling R$883,638 thousand in 2025, compared to R$673,806 thousand in 2024, an increase of 31.1%[29]. Financial Position and Risk Management - The company has a financial risk policy approved by its Board of Directors, focusing on preserving the value and liquidity of financial assets[194]. - Market risks managed by the company include exchange rate, interest rate, and commodity price risks, with specific hedging strategies in place[197]. - The company aims to maintain most of its financial exposure indexed to floating rates to mitigate interest rate risks[200]. - The company utilizes foreign exchange hedging instruments to protect against currency fluctuations, ensuring financial stability[199]. - The company has ongoing financing arrangements with various terms, including foreign loans and debentures, with interest rates ranging from 0.9% to 14.6%[128]. Operational Highlights - The company operates in multiple segments including liquefied petroleum gas distribution, fuel distribution, and logistics, with significant investments in subsidiaries to enhance market presence[35]. - The company underwent a name change for its subsidiary Ultrapar Mobilidade Ltda. to Ultra Mobilidade S.A. on January 2, 2025[43]. - In May 2025, Ultra Logística Ltda. became the controlling shareholder of Hidrovias[45]. - The company acquired control of Hidrovias on May 8, 2025, which is expected to enhance its market position and operational capabilities[62]. - The segment "Hidrovias" reported total investments of R$ 238,483 as of September 30, 2025[184].