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Loans, financing, debentures and derivative financial instruments (Tables) | 12 Months Ended
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Dec. 31, 2024
Loans, financing, debentures and derivative financial instruments |
Summary of Breakdown of loans |
|  |  |  |  |  | Consolidated |
Description | Index/Currency | Weighted average financial charges 2024 (p.a.) | Weighted average hedging instruments | Maturity |  | 12/31/2024 |  |  | 12/31/2023 |
Foreign currency: |  |  |  |  |  |  |  |  |  |
Notes in the foreign market | USD | 5.25% | 139.0% of DI** | 2026 to 2029 |  | 4,710,980 |  |  | 3,694,339 |
Foreign loan | JPY | 1.31% | 109.4% of DI | 2025 |  | 501,524 |  |  | 439,852 |
Foreign loan | EUR | 4.39% | 109.2% of DI | 2025 |  | 778,147 |  |  | 126,171 |
Foreign loan | USD | 4.57% | 105.9% of DI | 2025 |  | 691,006 |  |  | 1,018,429 |
Total in foreign currency |  |  |  |  |  | 6,681,657 |  |  | 5,278,791 |
Brazilian Reais: |  |  |  |  |  |  |  |  |  |
Debentures – CRA | IPCA | 5.30% | 103.1% of DI | 2025 to 2032 |  | 2,456,111 |  |  | 3,434,287 |
CCB | CDI | 107.0% | n/a | 2025 to 2026 |  | 1,464,624 |  |  | 552,407 |
Debentures - Ultragaz | CDI + | 0.74% | n/a | 2027 to 2029 |  | 731,667 |  |  | ‐ |
Debentures – Ultracargo | IPCA | 4.11% | 111.4% of DI | 2028 |  | 534,706 |  |  | 556,677 |
Debentures – CRA | Fixed rate | 11.17% | 104.3% of DI | 2027 |  | 477,827 |  |  | 539,914 |
CDCA | CDI | 0.92% | n/a | 2027 |  | 534,374 |  |  | ‐ |
Debentures – CRA | CDI | 0.70% | n/a | 2027 |  | 490,971 |  |  | 488,269 |
CDCA | CDI | 108.7% | n/a | 2025 to 2027 |  | 293,374 |  |  | 201,848 |
Constitutional Fund | IPCA | 2.93% | 69.5% of DI | 2028 to 2041 |  | 114,472 |  |  | ‐ |
Debentures – Ultracargo | IPCA | 6.28% | n/a | 2032 to 2034 |  | 80,048 |  |  | ‐ |
FINEP | TJLP | 1.00% | n/a | 2025 to 2026 |  | 679 |  |  | 1,264 |
Debentures – Ultracargo | R$ | 6.47% | 99.9% of DI | 2024 |  | ‐ |  |  | 87,826 |
Total in Brazilian Reais |  |  |  |  |  | 7,178,853 |  |  | 5,862,492 |
Total in foreign currency and Brazilian Reais |  |  |  |  |  | 13,860,510 |  |  | 11,141,283 |
Derivative financial instruments (*) |  |  |  |  |  | 441,600 |  |  | 626,734 |
Total |  |  |  |  |  | 14,302,110 |  |  | 11,768,017 |
Current |  |  |  |  |  | 3,552,760 |  |  | 1,993,254 |
1 to 2 years |  |  |  |  |  | 3,261,425 |  |  | 1,879,412 |
2 to 3 years |  |  |  |  |  | 1,611,526 |  |  | 2,243,967 |
3 to 4 years |  |  |  |  |  | 2,062,967 |  |  | 1,023,820 |
4 to 5 years |  |  |  |  |  | 2,437,398 |  |  | 1,691,595 |
More than 5 years |  |  |  |  |  | 1,376,034 |  |  | 2,935,969 |
Non-current |  |  |  |  |  | 10,749,350 |  |  | 9,774,763 |
Summary Of Changes In Loans Debentures And Derivatives | The changes in loans, financing, debentures and derivative financial instruments are shown below:
Balance as of December 31, 2021 | 16,377,643 |
New loans | 1,519,580 |
Interest accrued | 945,023 |
Principal payment | (5,848,611 | )
Interest payment | (914,979 | )
Monetary variantions and foreign variations | (587,064 | )
Change in fair value | (68,366 | )
Hedge result | 327,135 |
Balance as of December 31, 2022 | 11,750,361 |
New loans | 2,903,031 |
Interest accrued | 761,052 |
Principal payment | (3,149,525 | )
Interest payment | (742,724 | )
Monetary variations and foreign exchange variations | (319,488 | )
Change in fair value | 351,560 |
Hedge result | 102,422 |
Balance of acquired company (see Note 27) | 111,328 |
Balance as of December 31, 2023 | 11,768,017 |
New loans | 4,179,974 |
Interest accrued | 846,329 |
Principal payment | (2,718,953 | )
Interest payment | (798,653 | )
Monetary variations and foreign exchange variations | 1,675,583 |
Change in fair value | (465,053 | )
Hedge result | (185,134 | )
Balance as of December 31, 2024 | 14,302,110 |
Summary of main operations contracted loans | The main operations contracted in the year are shown below:
Description | Index/ Currency |  | Financial charges |  | Hedging instruments |  | Issuance date |  | Maturity |  | Principal |  | Principal in R$ | Remuneration payment | Nominal amount payment | Company
CDCA | %DI |  | 108.00% |  | N/A |  | Jan/24 |  | Jan/25 |  | R$ 80,000 |  | R$ 80,000 | Quarterly | At final maturity | Ipiranga
4131 | EUR |  | 4.33% |  | 111.9% of DI |  | Jan/24 |  | Jan/25 |  | EUR 23,500 |  | R$ 126,195 | Semiannually | At final maturity | Iconic
CCB | %DI |  | 108.37% |  | N/A |  | Mar/24 |  | Mar/25 |  | R$ 500,000 |  | R$ 500,000 | Annually | At final maturity | Ipiranga
4131 | EUR |  | 4.43% |  | 108.5% of DI |  | Mar/24 |  | Mar/25 |  | EUR 46,040 |  | R$ 247,099 | At final maturity | At final maturity | Ipiranga
4131 | JPY |  | 1.32% |  | 108.9% of DI |  | Mar/24 |  | Aug/24 |  | JPY 3,760,000 |  | R$ 123,742 | At final maturity | At final maturity | Ultracargo Logística
4131 | EUR |  | 4.38% |  | 108.5% of DI |  | Mar/24 |  | Mar/25 |  | EUR 45,977 |  | R$ 246,897 | At final maturity | At final maturity | Ultracargo Logística
CCB | %DI |  | 108.37% |  | N/A |  | Apr/24 |  | Apr/26 |  | R$ 500,000 |  | R$ 500,000 | Annually | At final maturity | Ipiranga
4131 | USD |  | 6.11% |  | 112.4% of DI |  | Apr/24 |  | Apr/25 |  | USD 9,728 |  | R$ 48,601 | Semiannually | At final maturity | Iconic
CDCA | DI + |  | 0.92% |  | N/A |  | May/24 |  | Apr/27 |  | R$ 500,000 |  | R$ 500,000 | Annually | At final maturity | Ipiranga
4131 | JPY |  | 1.44% |  | 108.1% of DI |  | May/24 |  | Oct/24 |  | JPY 7,530,077 |  | R$ 258,500 | At final maturity | At final maturity | Ultracargo Logística
CDCA | %DI |  | 109.00% |  | N/A |  | Jun/24 |  | Apr/27 |  | R$ 200,000 |  | R$ 200,000 | Quarterly | 2026 and 2027 | Ipiranga
Debentures | CDI |  | 0.65% |  | N/A |  | Jul/24 |  | Jul/27 |  | R$ 455,000 |  | R$ 455,000 | Semiannually | At final maturity | Cia Ultragaz
Debentures | CDI |  | 0.90% |  | N/A |  | Jul/24 |  | Jul/29 |  | R$ 245,000 |  | R$ 245,000 | Semiannually | At final maturity | Cia Ultragaz
Debentures | IPCA |  | 6.28% |  | N/A |  | Aug/24 |  | Jun/34 |  | R$ 80,000 |  | R$ 80,000 | Semiannually | At final maturity | Ultracargo Logística
4131 | SOFR |  | 1.29% |  | 112.5% of DI |  | Sept/24 |  | Sept/25 |  | USD 4,535 |  | R$ 25,000 | Quarterly | At final maturity | Serra Diesel
CCB | %DI |  | 103.00% |  | N/A |  | Nov/24 |  | Nov/25 |  | R$ 370,000 |  | R$ 370,000 | At final maturity | At final maturity | Iconic
FNE | IPCA |  | 2.93% |  | 69.5% of DI |  | Dec/24 |  | Nov/41 |  | R$ 151,464 |  | R$ 151,464 | Monthly with grace period | 2028 to 2041 | Ultracargo Logística
Summary of Debentures |
Issuance date | Nature |  | Company |  | Issuing company |  | Issuance |  | Series |  | Maturity |  | Principal | Original remuneration | Hedge instrument/swap | Remuneration payment | Nominal amount payment
Apr/17 | CRA |  | Ipiranga Prod. De Petróleo S.A. |  | Eco Consult - Consultoria de Oper. Financ. Agropecuárias Ltda. |  | 5th |  | 2nd |  | Apr/24 |  | 352,361 | IPCA + 4.68% | 93.9% of DI | Annually | At maturity
Oct/17 | CRA |  | Ipiranga Prod. De Petróleo S.A. |  | Vert Companhia Securitizadora |  | 7th |  | 2nd |  | Oct/24 |  | 213,693 | IPCA + 4.34% | 97.3% of DI | Annually | At final maturity
Dec/18 | CRA |  | Ipiranga Prod. De Petróleo S.A. |  | Vert Companhia Securitizadora |  | 8th |  | 2nd |  | Dec/25 |  | 240,000 | IPCA + 4.61% | 97.1% of DI | Annually | At final maturity
Nov/19 | Debentures |  | Ultracargo Logistica S.A. |  | - |  | 1st |  | Single |  | Nov/24 |  | 90,000 | 6.47% | 99.94% of DI | Semiannually | At final maturity
Mar/21 | Debentures |  | Ultracargo Soluções Logísticas S.A. |  | - |  | 1st |  | Single |  | Mar/28 |  | 360,000 | IPCA + 4.04% | 111.4% of DI | Semiannually | At final maturity
Mar/21 | Debentures |  | Ultracargo Logistica S.A. |  | - |  | 2nd |  | Single |  | Mar/28 |  | 100,000 | IPCA + 4.37% | 111.4% of DI | Semiannually | At final maturity
Sept/21 | CRA |  | Ipiranga Prod. De Petróleo S.A. |  | Vert Companhia Securitizadora |  | 10th |  | Single |  | Sept/28 |  | 960,000 | IPCA + 4.8287% | 102.75% of DI | Semiannually | At final maturity
Jun/22 | CRA |  | Ipiranga Prod. De Petróleo S.A. |  | Vert Companhia Securitizadora |  | 11th |  | Single |  | Jun/32 |  | 1,000,000 | IPCA + 6.0053% | 104.8% of DI | Semiannually | Annual from the 8th year
Jun/23 | CRA |  | Ipiranga Prod. De Petróleo S.A. |  | Vert Companhia Securitizadora |  | 12th |  | 1st |  | Jun/27 |  | 325,791 | 11.17% p.a. | 105.1% of DI | Quarterly | At final maturity
Jun/23 | CRA |  | Ipiranga Prod. De Petróleo S.A. |  | Vert Companhia Securitizadora |  | 12th |  | 2nd |  | Jun/27 |  | 292,209 | DI + 0.70% p.a. | - | Quarterly | At final maturity
Jul/23 | CRA |  | Ipiranga Prod. De Petróleo S.A. |  | Vert Companhia Securitizadora |  | 13th |  | 1st |  | Jul/27 |  | 200,000 | 11.17% p.a. | 102.9% of DI | Quarterly | At final maturity
Jul/23 | CRA |  | Ipiranga Prod. De Petróleo S.A. |  | Vert Companhia Securitizadora |  | 13th |  | 2nd |  | Jul/27 |  | 200,000 | DI + 0.70% p.a. | - | Quarterly | At final maturity
Jul/24 | Debentures |  | Companhia Ultragaz S.A. |  | - |  | 2nd |  | 1st |  | Jul/27 |  | 455,000 | DI + 0.65% p.a. | - | Semiannually | At final maturity
Jul/24 | Debentures |  | Companhia Ultragaz S.A. |  | - |  | 2nd |  | 2nd |  | Jul/29 |  | 245,000 | DI + 0.90% p.a. | - | Semiannually | At final maturity
Aug/24 | Debentures |  | Ultracargo Logistica S.A. |  | - |  | 3rd |  | Single |  | Jul/34 |  | 80,000 | IPCA + 6.28% | - | Semiannually | At final maturity

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